Envestnet Asset Management Inc. Purchases 63,371 Shares of Gold Fields Limited $GFI

Envestnet Asset Management Inc. raised its holdings in shares of Gold Fields Limited (NYSE:GFI) by 17.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 428,929 shares of the company’s stock after purchasing an additional 63,371 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Gold Fields were worth $10,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Freedom Investment Management Inc. purchased a new stake in shares of Gold Fields during the 2nd quarter valued at approximately $554,000. FNY Investment Advisers LLC purchased a new stake in shares of Gold Fields during the second quarter worth $47,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Gold Fields by 10.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock worth $2,773,000 after acquiring an additional 11,770 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Gold Fields by 34.3% in the second quarter. Stratos Wealth Partners LTD. now owns 37,957 shares of the company’s stock worth $898,000 after acquiring an additional 9,691 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of Gold Fields by 38.4% in the second quarter. Ritholtz Wealth Management now owns 35,857 shares of the company’s stock valued at $849,000 after purchasing an additional 9,955 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Up 3.0%

Shares of GFI opened at $38.88 on Monday. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $47.18. The firm’s 50 day simple moving average is $39.50 and its 200 day simple moving average is $30.21.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were given a $0.3993 dividend. This represents a 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.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GFI. Investec downgraded Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. Scotiabank raised their price objective on shares of Gold Fields from $30.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. started coverage on shares of Gold Fields in a research note on Thursday, October 23rd. They set an “overweight” rating and a $62.00 price objective for the company. Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Canaccord Genuity Group downgraded shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.43.

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.