Dimensional Fund Advisors LP Sells 814,679 Shares of Gold Fields Limited (NYSE:GFI)

Dimensional Fund Advisors LP reduced its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 12.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,898,563 shares of the company's stock after selling 814,679 shares during the period. Dimensional Fund Advisors LP owned approximately 0.66% of Gold Fields worth $87,975,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GFI. Capital Wealth Planning LLC bought a new stake in shares of Gold Fields during the 2nd quarter worth $2,390,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Gold Fields by 8.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 119,470 shares of the company's stock worth $1,818,000 after acquiring an additional 9,470 shares during the last quarter. South Street Advisors LLC lifted its holdings in shares of Gold Fields by 49.4% during the 2nd quarter. South Street Advisors LLC now owns 870,780 shares of the company's stock worth $12,975,000 after acquiring an additional 288,030 shares during the last quarter. LGT Fund Management Co Ltd. bought a new stake in shares of Gold Fields during the 2nd quarter worth $149,000. Finally, Caprock Group LLC lifted its stake in Gold Fields by 836.6% in the second quarter. Caprock Group LLC now owns 110,299 shares of the company's stock worth $1,643,000 after purchasing an additional 98,523 shares during the last quarter. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Bank of America assumed coverage on shares of Gold Fields in a research note on Monday, September 16th. They issued a "buy" rating and a $16.00 price target for the company. 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 research note on Monday, August 26th. BMO Capital Markets raised shares of Gold Fields from an "underperform" rating to a "market perform" rating and boosted their price target for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Gold Fields from $17.50 to $16.70 and set a "neutral" rating for the company in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $15.93.

Gold Fields Price Performance

Shares of Gold Fields stock traded up $0.47 during trading on Thursday, reaching $16.16. 2,862,979 shares of the stock were exchanged, compared to its average volume of 3,795,557. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77. The stock's fifty day moving average is $15.31 and its 200 day moving average is $15.75. Gold Fields Limited has a 1 year low of $10.31 and a 1 year high of $18.97.

Gold Fields Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.1692 per share. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 2.2%.

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.