Commerzbank Aktiengesellschaft FI boosted its stake in shares of Gold Fields Limited (NYSE:GFI) by 7.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 689,245 shares of the company’s stock after acquiring an additional 45,304 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Gold Fields were worth $2,461,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Verition Fund Management LLC increased its holdings in shares of Gold Fields by 139.1% in the 1st quarter. Verition Fund Management LLC now owns 24,810 shares of the company’s stock valued at $100,000 after acquiring an additional 14,433 shares during the last quarter. Oxbow Advisors LLC purchased a new position in shares of Gold Fields in the 2nd quarter valued at about $138,000. First Republic Investment Management Inc. increased its holdings in shares of Gold Fields by 97.2% in the 1st quarter. First Republic Investment Management Inc. now owns 41,600 shares of the company’s stock valued at $167,000 after acquiring an additional 20,500 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Gold Fields by 33.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 139,758 shares of the company’s stock valued at $499,000 after acquiring an additional 35,018 shares during the last quarter. Finally, CIBC World Markets Inc. increased its holdings in shares of Gold Fields by 136.6% in the 1st quarter. CIBC World Markets Inc. now owns 180,532 shares of the company’s stock valued at $726,000 after acquiring an additional 104,232 shares during the last quarter. Institutional investors own 34.74% of the company’s stock.
A number of research firms have recently commented on GFI. ValuEngine downgraded Gold Fields from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Zacks Investment Research upgraded Gold Fields from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Scotiabank set a $4.00 price objective on Gold Fields and gave the company a “hold” rating in a report on Tuesday, August 14th. Finally, HSBC upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.02.
GFI opened at $2.32 on Thursday. Gold Fields Limited has a one year low of $2.27 and a one year high of $4.70. The stock has a market capitalization of $2.04 billion, a PE ratio of 9.67 and a beta of -1.31. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, September 20th. Stockholders of record on Friday, September 7th will be issued a $0.0141 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a dividend yield of 1.11%. Gold Fields’s payout ratio is currently 29.17%.
About Gold Fields
Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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