Connor Clark & Lunn Investment Management Ltd. Decreases Stake in Gold Fields Limited (NYSE:GFI)

Connor Clark & Lunn Investment Management Ltd. decreased its position in Gold Fields Limited (NYSE:GFI - Free Report) by 40.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 311,746 shares of the company's stock after selling 214,434 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Gold Fields were worth $4,785,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC grew its stake in Gold Fields by 8.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock valued at $170,000 after acquiring an additional 850 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Gold Fields by 10.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company's stock worth $172,000 after purchasing an additional 1,090 shares in the last quarter. Sierra Summit Advisors LLC raised its position in shares of Gold Fields by 8.6% during the 2nd quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company's stock worth $348,000 after purchasing an additional 1,857 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Gold Fields by 1.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company's stock valued at $1,929,000 after buying an additional 2,300 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Gold Fields by 13.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company's stock valued at $318,000 after buying an additional 2,480 shares during the last quarter. Hedge funds and other institutional investors own 26.02% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America assumed coverage on Gold Fields in a research report on Monday, September 16th. They issued a "buy" rating and a $16.00 price objective on the stock. Investec raised shares of Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Scotiabank lowered their price target on shares of Gold Fields from $18.00 to $17.00 and set a "sector perform" rating for the company in a report on Monday, August 26th. Finally, StockNews.com downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Gold Fields has an average rating of "Hold" and an average target price of $15.93.

Gold Fields Stock Up 1.1 %

NYSE GFI opened at $15.24 on Friday. Gold Fields Limited has a 12 month low of $12.19 and a 12 month high of $18.97. The company has a 50-day moving average of $15.81 and a 200-day moving average of $15.62.

Gold Fields Cuts Dividend

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

Gold Fields Company 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.