U S Global Investors Inc. Buys 183,031 Shares of Gold Fields Limited $GFI

U S Global Investors Inc. boosted its stake in shares of Gold Fields Limited (NYSE:GFI) by 732.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 208,031 shares of the company’s stock after buying an additional 183,031 shares during the period. U S Global Investors Inc.’s holdings in Gold Fields were worth $7,514,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its holdings in Gold Fields by 62.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock valued at $114,147,000 after acquiring an additional 910,580 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Gold Fields during the 1st quarter valued at about $10,887,000. Assenagon Asset Management S.A. bought a new position in shares of Gold Fields during the 2nd quarter valued at about $8,033,000. Sei Investments Co. grew its position in shares of Gold Fields by 76.6% during the first quarter. Sei Investments Co. now owns 497,600 shares of the company’s stock valued at $22,591,000 after purchasing an additional 215,774 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Gold Fields by 32.1% during the first quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock valued at $35,039,000 after purchasing an additional 187,755 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GFI shares. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gold Fields in a research report on Monday, August 31st. Royal Bank Of Canada increased their price target on Gold Fields from $49.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Scotiabank cut their target price on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Six investment analysts have rated the stock with a Buy rating, two have issued 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 $52.46.

Gold Fields Trading Down 4.7%

GFI opened at $35.08 on Friday. Gold Fields Limited has a 12 month low of $31.11 and a 12 month high of $61.64. The stock has a 50-day moving average of $41.37 and a 200 day moving average of $39.83.

Gold Fields Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 24th. Shareholders of record on Friday, September 11th were given a dividend of $1.0144 per share. The ex-dividend date was Friday, September 11th. This represents a yield of 450.0%.

Gold Fields Profile

Gold Fields Limited (NYSE:GFI) is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world’s major gold-mining companies through acquisitions, partnerships and the development of its own projects.