Dorsey Wright & Associates Makes New $2.76 Million Investment in Gold Fields Limited $GFI

Dorsey Wright & Associates bought a new position in shares of Gold Fields Limited (NYSE:GFI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 65,729 shares of the company’s stock, valued at approximately $2,758,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Gold Fields by 1.6% during the third quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after acquiring an additional 539,923 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Gold Fields by 84.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after purchasing an additional 2,545,579 shares during the last quarter. Invesco Ltd. boosted its position in Gold Fields by 32.9% in the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock worth $116,443,000 after purchasing an additional 1,217,594 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Gold Fields by 32.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after purchasing an additional 1,062,242 shares during the period. Finally, American Century Companies Inc. grew its stake in Gold Fields by 24.3% in the 3rd quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock valued at $173,584,000 after purchasing an additional 809,816 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GFI shares. Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. JPMorgan Chase & Co. increased their price target on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Royal Bank Of Canada lowered their price objective on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Finally, Morgan Stanley cut shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.00.

Gold Fields Price Performance

NYSE:GFI opened at $46.35 on Wednesday. The business has a fifty day simple moving average of $52.40 and a two-hundred day simple moving average of $45.07. Gold Fields Limited has a 1 year low of $19.35 and a 1 year high of $61.64.

Gold Fields Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be paid a dividend of $1.4419 per share. The ex-dividend date is Friday, March 13th. This represents a dividend yield of 633.0%.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.