Integrated Quantitative Investments LLC Makes New $1.49 Million Investment in Gold Fields Limited $GFI

Integrated Quantitative Investments LLC purchased a new stake in Gold Fields Limited (NYSE:GFI) during the second quarter, HoldingsChannel.com reports. The fund purchased 63,039 shares of the company’s stock, valued at approximately $1,492,000.

Several other large investors also recently made changes to their positions in GFI. Richardson Financial Services Inc. acquired a new stake in shares of Gold Fields during the first quarter worth $26,000. Penserra Capital Management LLC acquired a new stake in shares of Gold Fields in the 2nd quarter valued at about $26,000. IFP Advisors Inc lifted its holdings in shares of Gold Fields by 672.1% in the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after purchasing an additional 1,351 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Gold Fields in the first quarter valued at about $44,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Gold Fields during the second quarter worth about $47,000. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

NYSE GFI opened at $40.96 on Friday. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $47.18. The stock has a 50 day moving average of $40.28 and a 200-day moving average of $30.85.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were given a $0.3993 dividend. This is a boost from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date of this dividend was Friday, September 12th. This represents a dividend yield of 130.0%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GFI shares. Investec lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, October 10th. Citigroup began coverage on shares of Gold Fields in a report on Tuesday, October 28th. They issued a “buy” rating and a $50.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a report on Wednesday, October 8th. BMO Capital Markets raised their target price on shares of Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. Finally, Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Gold Fields currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.43.

Gold Fields Company Profile

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.