Assenagon Asset Management S.A. Purchases New Shares in Gold Fields Limited (NYSE:GFI)

Assenagon Asset Management S.A. purchased a new position in Gold Fields Limited (NYSE:GFI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,915 shares of the company’s stock, valued at approximately $613,000.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in shares of Gold Fields in the 1st quarter worth about $665,000. Primoris Wealth Advisors LLC bought a new position in shares of Gold Fields during the first quarter valued at approximately $446,000. Significant Wealth Partners LLC purchased a new position in shares of Gold Fields during the first quarter valued at approximately $818,000. Fortis Capital Advisors LLC bought a new stake in shares of Gold Fields in the 1st quarter worth approximately $462,000. Finally, First Eagle Investment Management LLC purchased a new stake in shares of Gold Fields in the 1st quarter worth approximately $85,326,000. Institutional investors own 26.02% of the company’s stock.

Analysts Set New Price Targets

GFI has been the subject of a number of recent research reports. Bank of America started coverage on Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 price objective for the company. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, Scotiabank cut 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 report on Monday, August 26th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.93.

Gold Fields Stock Performance

GFI opened at $16.23 on Friday. The company’s 50-day simple moving average is $15.46 and its two-hundred day simple moving average is $15.83. Gold Fields Limited has a 52-week low of $12.19 and a 52-week high of $18.97.

Gold Fields Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were issued a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th.

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.