Robeco Institutional Asset Management B.V. Acquires 1,714,442 Shares of Gold Fields Limited $GFI

Robeco Institutional Asset Management B.V. increased its holdings in shares of Gold Fields Limited (NYSE:GFI) by 39.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,085,653 shares of the company’s stock after buying an additional 1,714,442 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Gold Fields were worth $265,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of GFI. CIBC Private Wealth Group LLC lifted its holdings in Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the period. Archer Investment Corp bought a new stake in shares of Gold Fields in the third quarter valued at $42,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Gold Fields in the third quarter valued at $45,000. NewEdge Advisors LLC raised its stake in shares of Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after buying an additional 2,152 shares during the period. Finally, Westside Investment Management Inc. raised its stake in shares of Gold Fields by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,210 shares of the company’s stock valued at $51,000 after buying an additional 605 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Price Performance

NYSE:GFI opened at $49.36 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a 52-week low of $19.35 and a 52-week high of $61.64. The business’s fifty day moving average is $49.89 and its 200 day moving average is $45.92.

Gold Fields Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were paid a dividend of $1.4419 per share. This represents a dividend yield of 633.0%. The ex-dividend date was Friday, March 13th.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GFI shares. JPMorgan Chase & Co. boosted their target price on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Zacks Research lowered Gold Fields from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Scotiabank lowered their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Finally, Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gold Fields has a consensus rating of “Hold” and an average target price of $43.88.

Gold Fields Company Profile

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.