AQR Capital Management LLC Acquires 3,673 Shares of Gold Fields Limited (NYSE:GFI)

AQR Capital Management LLC lifted its position in shares of Gold Fields Limited (NYSE:GFI) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,462 shares of the company’s stock after acquiring an additional 3,673 shares during the quarter. AQR Capital Management LLC’s holdings in Gold Fields were worth $737,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GFI. Goldman Sachs Group Inc. grew its position in Gold Fields by 145.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock valued at $16,329,000 after buying an additional 669,819 shares during the period. Range Financial Group LLC purchased a new position in shares of Gold Fields in the second quarter worth about $1,243,000. RWC Asset Management LLP raised its holdings in Gold Fields by 10.0% during the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock valued at $53,476,000 after buying an additional 324,885 shares during the last quarter. Capital Wealth Planning LLC purchased a new stake in Gold Fields in the 2nd quarter worth approximately $2,390,000. Finally, Caprock Group LLC raised its stake in Gold Fields by 836.6% in the second quarter. Caprock Group LLC now owns 110,299 shares of the company’s stock worth $1,643,000 after buying an additional 98,523 shares in the last quarter. 26.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America started coverage on shares of Gold Fields in a research note on Monday, September 16th. They issued a “buy” rating and a $16.00 target price on the stock. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. Scotiabank reduced their price objective on shares of 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. JPMorgan Chase & Co. cut their target price on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Finally, BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $13.50 to $14.00 in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.93.

Gold Fields Stock Performance

NYSE:GFI opened at $15.40 on Monday. Gold Fields Limited has a twelve month low of $12.19 and a twelve month high of $18.97. The firm has a 50-day moving average price of $15.10 and a two-hundred day moving average price of $15.80.

Gold Fields Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a $0.1692 dividend. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 2.2%.

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.