Nationwide Fund Advisors continued to hold its position in Gold Fields Ltd. (NYSE:GFI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,000 shares of the company’s stock at the end of the second quarter. Nationwide Fund Advisors owned 0.06% of Gold Fields worth $2,450,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in Gold Fields during the second quarter valued at about $111,000. Neuberger Berman Group LLC bought a new position in Gold Fields during the second quarter valued at about $115,000. Global X Management Co. LLC raised its position in Gold Fields by 1.2% in the second quarter. Global X Management Co. LLC now owns 34,862 shares of the company’s stock valued at $171,000 after buying an additional 400 shares in the last quarter. World Asset Management Inc raised its position in Gold Fields by 11.8% in the second quarter. World Asset Management Inc now owns 49,913 shares of the company’s stock valued at $245,000 after buying an additional 5,265 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Gold Fields by 27.5% in the first quarter. Franklin Resources Inc. now owns 65,000 shares of the company’s stock valued at $256,000 after buying an additional 14,000 shares in the last quarter. Hedge funds and other institutional investors own 36.51% of the company’s stock.
Gold Fields Ltd. (NYSE:GFI) traded down 4.846% during trading on Tuesday, reaching $4.025. The company had a trading volume of 1,240,811 shares. The firm’s market capitalization is $3.30 billion. Gold Fields Ltd. has a 12-month low of $2.04 and a 12-month high of $6.60. The firm’s 50 day moving average price is $5.09 and its 200 day moving average price is $4.86.
The company also recently declared a dividend, which was paid on Monday, September 12th. Investors of record on Friday, September 9th were paid a $0.037 dividend. The ex-dividend date was Wednesday, September 7th. This is an increase from Gold Fields’s previous dividend of $0.03. Gold Fields’s payout ratio is -12.90%.
GFI has been the subject of several recent analyst reports. Goldman Sachs Group Inc. upgraded Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 price objective for the company in a research note on Friday, July 8th. Zacks Investment Research upgraded Gold Fields from a “sell” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Tuesday, July 12th. JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Royal Bank Of Canada upgraded Gold Fields from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $4.08 to $4.39 in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Finally, Macquarie upgraded Gold Fields from a “neutral” rating to an “outperform” rating in a report on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$5.08.
About Gold Fields
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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