Metis Global Partners LLC Increases Holdings in Gold Fields Limited $GFI

Metis Global Partners LLC increased its position in Gold Fields Limited (NYSE:GFI) by 26.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,422 shares of the company’s stock after acquiring an additional 13,381 shares during the period. Metis Global Partners LLC’s holdings in Gold Fields were worth $1,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GFI. Clark Capital Management Group Inc. purchased a new stake in Gold Fields during the first quarter worth $49,186,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Gold Fields by 122.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company’s stock worth $78,323,000 after buying an additional 1,822,689 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Gold Fields during the 1st quarter worth $30,914,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Gold Fields by 169.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 931,777 shares of the company’s stock worth $20,583,000 after buying an additional 585,950 shares in the last quarter. Finally, Amundi grew its stake in Gold Fields by 17.8% in the 1st quarter. Amundi now owns 3,661,529 shares of the company’s stock valued at $82,934,000 after acquiring an additional 554,160 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $42.32 on Tuesday. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $47.18. The business’s fifty day moving average is $39.68 and its two-hundred day moving average is $30.35.

Gold Fields Increases Dividend

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

Wall Street Analysts Forecast Growth

GFI has been the subject of a number of research reports. Scotiabank lifted their target price on shares of Gold Fields from $30.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. assumed coverage on Gold Fields in a report on Thursday, October 23rd. They set an “overweight” rating and a $62.00 target price on the stock. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, BMO Capital Markets increased their price objective on Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.43.

About Gold Fields

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.