Verition Fund Management LLC purchased a new position in shares of Gold Fields Limited (NYSE:GFI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,762 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. acquired a new stake in shares of Gold Fields during the 1st quarter worth about $444,000. TD Asset Management Inc. boosted its stake in shares of Gold Fields by 76.1% during the 2nd quarter. TD Asset Management Inc. now owns 323,300 shares of the company’s stock worth $3,039,000 after purchasing an additional 139,700 shares during the last quarter. Hexavest Inc. acquired a new stake in shares of Gold Fields during the 2nd quarter worth about $85,000. Virtu Financial LLC acquired a new stake in shares of Gold Fields during the 2nd quarter worth about $258,000. Finally, Diversified Trust Co acquired a new stake in shares of Gold Fields in the second quarter worth approximately $326,000. 36.71% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the stock. BMO Capital Markets reissued a “buy” rating and issued a $15.50 target price on shares of Gold Fields in a research report on Wednesday, August 26th. Scotiabank raised their target price on shares of Gold Fields from $9.50 to $10.50 and gave the stock a “sector perform” rating in a research report on Friday, August 21st. Zacks Investment Research cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. raised shares of Gold Fields from a “neutral” rating to an “overweight” rating and set a $11.30 target price on the stock in a research report on Monday, June 22nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $14.50 target price on shares of Gold Fields in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.76.

GFI opened at $14.48 on Wednesday. The firm has a market capitalization of $12.79 billion, a P/E ratio of 34.48, a P/E/G ratio of 0.63 and a beta of 0.63. The firm’s 50 day moving average is $12.85 and its 200-day moving average is $8.94. Gold Fields Limited has a 52-week low of $3.79 and a 52-week high of $14.90. The company has a quick ratio of 0.50, a current ratio of 0.94 and a debt-to-equity ratio of 0.44.

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.0929 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a dividend yield of 1%. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.07. Gold Fields’s dividend payout ratio (DPR) is currently 35.71%.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

Further Reading: Bull Market

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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