Capital Wealth Planning LLC Takes $2.39 Million Position in Gold Fields Limited (NYSE:GFI)

Capital Wealth Planning LLC bought a new stake in Gold Fields Limited (NYSE:GFI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 160,379 shares of the company’s stock, valued at approximately $2,390,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Gold Fields by 145.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock valued at $16,329,000 after buying an additional 669,819 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Gold Fields in the fourth quarter valued at about $3,017,000. Range Financial Group LLC purchased a new stake in shares of Gold Fields in the second quarter valued at about $1,243,000. RWC Asset Management LLP increased its stake in shares of Gold Fields by 10.0% during the second quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after acquiring an additional 324,885 shares during the period. Finally, Caprock Group LLC increased its stake in shares of Gold Fields by 836.6% during the second quarter. Caprock Group LLC now owns 110,299 shares of the company’s stock worth $1,643,000 after acquiring an additional 98,523 shares during the period. 26.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. Scotiabank dropped their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, August 26th. JPMorgan Chase & Co. dropped their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Finally, StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and a consensus price target of $15.90.

Gold Fields Stock Up 1.4 %

GFI stock opened at $14.21 on Monday. The company’s 50 day simple moving average is $15.50 and its 200-day simple moving average is $15.73. Gold Fields Limited has a 12 month low of $10.31 and a 12 month high of $18.97. The company has a current ratio of 1.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be given a $0.1692 dividend. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 2.2%.

Gold Fields 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.