Gold Fields Limited (NYSE:GFI) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,155,835 shares of the company's stock after acquiring an additional 580,546 shares during the period. Massachusetts Financial Services Co. MA owned about 0.69% of Gold Fields worth $94,492,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. LGT Fund Management Co Ltd. acquired a new stake in Gold Fields in the 2nd quarter valued at about $149,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Gold Fields in the second quarter valued at about $153,000. QRG Capital Management Inc. acquired a new stake in shares of Gold Fields in the third quarter valued at approximately $160,000. 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. Finally, Candriam S.C.A. acquired a new position in shares of Gold Fields during the 2nd quarter worth approximately $189,000. Hedge funds and other institutional investors own 26.02% of the company's stock.

Gold Fields Stock Up 1.1 %

Shares of Gold Fields stock opened at $15.24 on Friday. Gold Fields Limited has a twelve month low of $12.19 and a twelve month high of $18.97. The company has a fifty day moving average price of $15.81 and a 200 day moving average price of $15.62.

Gold Fields Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GFI shares. Scotiabank decreased 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. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Friday, October 18th. StockNews.com lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 5th. Finally, Bank of America began coverage on Gold Fields in a research report on Monday, September 16th. They set a "buy" rating and a $16.00 price target for the company. 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.93.

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.