Van Eck Associates Corp. recently announced the acquisition of new stake in Gold Fields Ltd ADR (NYSE:GFI). The institutional investor has increased its shareholding in the Basic Materials company by 15.10% to 46.16 million shares with purchase of 6.05 million shares. This fresh investment now brings its stake to 5.17% valued currently at $667.46 million. In addition, BlackRock Investment Management raised its holdings by 5.72 million to 10.86 million shares. And RWC Asset Advisors has lifted its position by 3.07% or 0.32 million shares – to 10.74 million shares.
Currently, there are 893.54M common shares owned by the public and among those 893.53M shares have been available to trade.
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The top 3 mutual fund holders in Gold Fields Ltd ADR are VanEck Gold Miners ETF, BlackRock Global Funds – World Go, and iShares V Plc – Gold Producers UC. VanEck Gold Miners ETF owns 38.63 million shares of the company’s stock, all valued at over $558.54 million. The company sold -0.36 million shares recently to bring their total holdings to about 4.32% of the shares outstanding. BlackRock Global Funds – World Go sold -0.38 million shares to see its total holdings shrink to 8.26 million shares valued at over $119.46 million and representing 0.93% of the shares outstanding. iShares V Plc – Gold Producers UC now owns shares totaling to 0.65% of the shares outstanding.
However, the script later moved the day high at 13.32, up 5.13%. The company’s stock has a 5-day price change of 4.89% and -5.13% over the past three months. GFI shares are trading -7.95% year to date (YTD), with the 12-month market performance up to 8.12% higher. It has a 12-month low price of $8.89 and touched a high of $17.78 over the same period. GFI has an average intraday trading volume of 4.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.18%, -4.92%, and -4.77% respectively.
Institutional ownership of Gold Fields Ltd ADR (NYSE: GFI) shares accounts for 21.01% of the company’s 893.54M shares outstanding. Mutual fund holders own 15.28%, while other institutional holders and individual stakeholders account for 5.88% and — respectively.
It has a market capitalization of $11.89B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 17.87, while the earnings-per-share (ttm) stands at $0.74. The company has a PEG of 1.90 and a Quick Ratio of 1.12 with the debt-to-equity ratio at 0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.58% over the week and 3.06% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -2.01%, and 32.06% over the next financial year.
