86,997 Shares in Gold Fields Limited (NYSE:GFI) Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Gold Fields Limited (NYSE:GFI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 86,997 shares of the company’s stock, valued at approximately $1,296,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake 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 acquiring an additional 1,361 shares in the last quarter. Parallel Advisors LLC grew its holdings in Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after purchasing an additional 1,662 shares during the period. LGT Fund Management Co Ltd. bought a new stake in Gold Fields in the second quarter valued at $149,000. Concurrent Investment Advisors LLC acquired a new position in shares of Gold Fields during the second quarter valued at about $153,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Gold Fields by 10.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after purchasing an additional 1,090 shares in the last quarter. 26.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Gold Fields Stock Up 3.1 %

GFI stock opened at $15.15 on Friday. The firm has a market capitalization 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 Limited has a twelve month low of $10.31 and a twelve month high of $18.97. The stock’s 50 day moving average is $15.38 and its 200-day moving average is $15.74.

Gold Fields Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.1692 per share. This represents a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 13th. Gold Fields’s dividend payout ratio (DPR) is presently 15.34%.

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.