MQS Management LLC Acquires New Shares in Gold Fields Limited (NYSE:GFI)

MQS Management LLC bought a new position in Gold Fields Limited (NYSE:GFI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,102 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Gold Fields by 78.4% during the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock valued at $49,000 after purchasing an additional 1,361 shares during the last quarter. Parallel Advisors LLC raised its stake in Gold Fields by 51.7% during the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after buying an additional 1,662 shares during the last quarter. LGT Fund Management Co Ltd. bought a new position in shares of Gold Fields during the 2nd quarter valued at $149,000. Concurrent Investment Advisors LLC purchased a new position in shares of Gold Fields in the 2nd quarter worth $153,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after acquiring an additional 1,090 shares during the period. Institutional investors own 26.02% of the company’s stock.

Gold Fields Price Performance

NYSE:GFI opened at $15.15 on Friday. The business’s 50-day simple moving average is $15.38 and its two-hundred day simple moving average is $15.74. Gold Fields Limited has a 52 week low of $10.31 and a 52 week high of $18.97. The stock has a market cap of $13.56 billion, a PE ratio of 8.61 and a beta of 1.17. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be issued a $0.1692 dividend. The ex-dividend date is Friday, September 13th. This represents a yield of 2.2%. Gold Fields’s dividend payout ratio is presently 15.34%.

Analysts Set New Price Targets

Several brokerages have issued reports on GFI. Scotiabank dropped their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $13.50 to $14.00 in a research report on Wednesday, June 26th. Bank of America began coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Finally, StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.93.

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.