2,000 Shares in Gold Fields Limited $GFI Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC bought a new position in shares of Gold Fields Limited (NYSE:GFI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GFI. Richardson Financial Services Inc. acquired a new stake in Gold Fields during the first quarter worth about $26,000. IFP Advisors Inc boosted its position in Gold Fields by 672.1% during the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after purchasing an additional 1,351 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Gold Fields during the first quarter worth approximately $44,000. SVB Wealth LLC purchased a new position in Gold Fields during the first quarter worth approximately $48,000. Finally, NewEdge Advisors LLC boosted its position in Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GFI. HSBC reiterated a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. JPMorgan Chase & Co. began coverage on Gold Fields in a research report on Thursday. They set an “overweight” rating and a $62.00 price target on the stock. BMO Capital Markets increased their price target on Gold Fields from $24.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. Capital One Financial set a $32.00 price target on Gold Fields in a research report on Friday, August 22nd. Finally, Canaccord Genuity Group downgraded Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.83.

Gold Fields Price Performance

NYSE GFI opened at $41.20 on Friday. The company has a market cap of $36.87 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 0.30 and a beta of 0.49. The stock’s 50 day simple moving average is $38.00 and its 200-day simple moving average is $28.90. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $47.18.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were given a $0.3993 dividend. This represents a dividend yield of 130.0%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date was Friday, September 12th. Gold Fields’s dividend payout ratio (DPR) is 27.23%.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.