Gold Fields Limited $GFI Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its position in Gold Fields Limited (NYSE:GFI) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,521 shares of the company’s stock after acquiring an additional 1,144 shares during the quarter. QRG Capital Management Inc.’s holdings in Gold Fields were worth $391,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Gold Fields by 6.0% in the second quarter. Signaturefd LLC now owns 9,714 shares of the company’s stock valued at $230,000 after acquiring an additional 546 shares in the last quarter. GAMMA Investing LLC increased its stake in Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock valued at $83,000 after purchasing an additional 649 shares during the last quarter. Range Financial Group LLC increased its stake in Gold Fields by 1.0% in the second quarter. Range Financial Group LLC now owns 89,742 shares of the company’s stock valued at $2,124,000 after purchasing an additional 929 shares during the last quarter. Bridgewater Advisors Inc. increased its stake in Gold Fields by 4.9% in the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company’s stock valued at $441,000 after purchasing an additional 934 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in Gold Fields in the first quarter valued at approximately $26,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE GFI opened at $41.03 on Friday. The stock has a fifty day moving average price of $35.84 and a 200 day moving average price of $27.60. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $43.66. The company has a market cap of $36.72 billion, a PE ratio of 17.46, a P/E/G ratio of 0.40 and a beta of 0.49.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were issued a dividend of $0.3993 per share. This is a boost from Gold Fields’s previous semi-annual dividend of $0.38. This represents a dividend yield of 130.0%. The ex-dividend date of this dividend was Friday, September 12th. Gold Fields’s dividend payout ratio is 27.23%.

Wall Street Analysts Forecast Growth

GFI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research note on Wednesday. Investec lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday. Capital One Financial set a $32.00 price target on shares of Gold Fields in a research note on Friday, August 22nd. HSBC reiterated a “hold” rating on shares of Gold Fields in a research note on Thursday. Finally, BMO Capital Markets increased their price target on shares of Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.63.

About Gold Fields

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.