XTX Topco Ltd Invests $1.30 Million in Gold Fields Limited (NYSE:GFI)

XTX Topco Ltd purchased a new position in shares of Gold Fields Limited (NYSE:GFI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 86,997 shares of the company’s stock, valued at approximately $1,296,000.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Gold Fields by 78.4% in the 1st 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 in the last quarter. Parallel Advisors LLC grew its position in Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after acquiring an additional 1,662 shares during the last quarter. LGT Fund Management Co Ltd. bought a new position in Gold Fields in the second quarter valued at about $149,000. Concurrent Investment Advisors LLC acquired a new position in Gold Fields during the second quarter worth about $153,000. Finally, Hennion & Walsh Asset Management Inc. lifted 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 last quarter. 26.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Gold Fields Stock Up 3.1 %

Shares of NYSE:GFI opened at $15.15 on Friday. The business has a fifty day simple moving average of $15.38 and a 200 day simple moving average of $15.74. Gold Fields Limited has a 12-month low of $10.31 and a 12-month high of $18.97. The firm has a market cap of $13.56 billion, a P/E 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 business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be paid a $0.1692 dividend. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 13th. Gold Fields’s dividend payout ratio is currently 15.34%.

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.