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Gold Fields Ltd. (GFI) Position Boosted by UBS Asset Management Americas Inc.

Tuesday, 18 October 2016

UBS Asset Management Americas Inc. boosted its position in shares of Gold Fields Ltd. (NYSE:GFI) by 69.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,168 shares of the company’s stock after buying an additional 89,502 shares during the period. UBS Asset Management Americas Inc.’s holdings in Gold Fields were worth $1,069,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new position in Gold Fields during the second quarter worth approximately $111,000. Neuberger Berman Group LLC bought a new position in shares of Gold Fields during the second quarter worth about $115,000. Global X Management Co. LLC raised its position in shares of Gold Fields by 1.2% in the second quarter. Global X Management Co. LLC now owns 34,862 shares of the company’s stock worth $171,000 after buying an additional 400 shares during the last quarter. World Asset Management Inc raised its position in shares of Gold Fields by 11.8% in the second quarter. World Asset Management Inc now owns 49,913 shares of the company’s stock worth $245,000 after buying an additional 5,265 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Gold Fields by 27.5% in the first quarter. Franklin Resources Inc. now owns 65,000 shares of the company’s stock worth $256,000 after buying an additional 14,000 shares during the last quarter. Hedge funds and other institutional investors own 36.51% of the company’s stock.

Shares of Gold Fields Ltd. (NYSE:GFI) opened at 4.15 on Tuesday. The company’s market capitalization is $3.41 billion. Gold Fields Ltd. has a 1-year low of $2.04 and a 1-year high of $6.60. The company’s 50 day moving average is $4.84 and its 200-day moving average is $4.86.

The company also recently announced a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were issued a $0.028 dividend. This is a positive change from Gold Fields’s previous dividend of $0.01. The ex-dividend date was Wednesday, September 7th. Gold Fields’s dividend payout ratio (DPR) is currently -12.90%.

A number of brokerages have recently issued reports on GFI. Citigroup Inc. reiterated a “sell” rating on shares of Gold Fields in a research report on Thursday, August 18th. Zacks Investment Research upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Monday, July 18th. JPMorgan Chase & Co. upgraded shares of Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. upgraded shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 target price on the stock in a research report on Friday, July 8th. Finally, Macquarie upgraded shares of Gold Fields from a “neutral” rating to an “outperform” rating in a research report on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Gold Fields presently has an average rating of “Buy&rduo; and an average target price of C$5.08.

About Gold Fields

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.


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