Nykredit A S Invests $2.18 Million in Gold Fields Limited $GFI

Nykredit A S bought a new position in shares of Gold Fields Limited (NYSE:GFI) in the second quarter, Holdings Channel reports. The institutional investor bought 64,938 shares of the company’s stock, valued at approximately $2,181,000.

Several other hedge funds have also recently modified their holdings of the stock. Crescent Grove Advisors LLC acquired a new position in shares of Gold Fields during the first quarter valued at approximately $1,795,000. Bank of America Corp DE boosted its stake in shares of Gold Fields by 32.1% in the first quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock worth $35,039,000 after acquiring an additional 187,755 shares during the last quarter. Euro Pacific Asset Management LLC increased its position in shares of Gold Fields by 371.9% during the first quarter. Euro Pacific Asset Management LLC now owns 64,497 shares of the company’s stock worth $3,117,000 after purchasing an additional 50,830 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Gold Fields during the second quarter worth approximately $8,033,000. Finally, U S Global Investors Inc. raised its stake in Gold Fields by 110.9% in the 1st quarter. U S Global Investors Inc. now owns 316,358 shares of the company’s stock valued at $14,363,000 after purchasing an additional 166,358 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Performance

NYSE:GFI opened at $47.41 on Tuesday. Gold Fields Limited has a one year low of $31.11 and a one year high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $38.38 and a 200 day moving average price of $42.11.

Gold Fields Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be issued a $1.0144 dividend. This represents a yield of 421.0%. The ex-dividend date is Friday, September 11th.

Analyst Ratings Changes

A number of research analysts have weighed in on GFI shares. Zacks Research lowered Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gold Fields in a research report on Monday, August 31st. Royal Bank Of Canada decreased their price target on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Scotiabank lowered their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Gold Fields has a consensus rating of “Hold” and a consensus target price of $54.05.

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.