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

Capital Wealth Planning LLC acquired a new stake in shares of Gold Fields Limited (NYSE:GFI) during the 2nd quarter, Holdings Channel reports. The fund acquired 160,379 shares of the company’s stock, valued at approximately $2,390,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Gold Fields by 145.8% during 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 period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Gold Fields during the fourth quarter valued at approximately $3,017,000. Range Financial Group LLC purchased a new position in shares of Gold Fields during the second quarter valued at approximately $1,243,000. RWC Asset Management LLP lifted 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 valued at $53,476,000 after buying an additional 324,885 shares during the period. Finally, Caprock Group LLC lifted 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 valued at $1,643,000 after buying an additional 98,523 shares during the period. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Gold Fields Stock Up 1.4 %

Shares of GFI stock opened at $14.21 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.77 and a quick ratio of 0.70. Gold Fields Limited has a 1-year low of $10.31 and a 1-year high of $18.97. The firm has a fifty day moving average of $15.50 and a two-hundred day moving average of $15.73.

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 of this dividend is Friday, September 13th. This represents a dividend yield of 2.2%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Scotiabank reduced their price objective 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. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. cut 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.90.

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.