Allspring Global Investments Holdings LLC lifted its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 66.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,385,210 shares of the company's stock after purchasing an additional 551,210 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.15% of Gold Fields worth $21,263,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Gold Fields by 20.0% during the 3rd quarter. Blue Trust Inc. now owns 65,565 shares of the company's stock valued at $977,000 after purchasing an additional 10,908 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Gold Fields by 17.0% during the third quarter. Atomi Financial Group Inc. now owns 19,139 shares of the company's stock valued at $294,000 after buying an additional 2,779 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Gold Fields by 107.7% during the third quarter. SG Americas Securities LLC now owns 61,847 shares of the company's stock valued at $949,000 after acquiring an additional 32,070 shares in the last quarter. Creative Planning raised its holdings in Gold Fields by 15.2% in the 2nd quarter. Creative Planning now owns 54,242 shares of the company's stock worth $808,000 after acquiring an additional 7,155 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Gold Fields by 28.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company's stock valued at $38,878,000 after acquiring an additional 581,730 shares in the last quarter. 26.02% of the stock is owned by institutional investors.
Analyst Ratings Changes
GFI has been the subject of a number of research analyst reports. Scotiabank reduced their target price on Gold Fields from $18.00 to $17.00 and set a "sector perform" rating for the company in a report on Monday, August 26th. JPMorgan Chase & Co. decreased their target price on Gold Fields from $17.50 to $16.70 and set a "neutral" rating for the company in a research report on Wednesday, July 3rd. StockNews.com downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, October 18th. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Finally, Bank of America initiated coverage on shares of Gold Fields in a research report on Monday, September 16th. They set a "buy" rating and a $16.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Gold Fields has a consensus rating of "Hold" and a consensus target price of $15.93.
Check Out Our Latest Report on GFI
Gold Fields Stock Performance
Shares of NYSE:GFI traded down $0.35 on Friday, reaching $17.52. The company's stock had a trading volume of 3,101,000 shares, compared to its average volume of 3,693,349. The company has a 50-day simple moving average of $15.40 and a 200 day simple moving average of $15.87. Gold Fields Limited has a 52-week low of $12.19 and a 52-week high of $18.97. The company has a market cap of $15.68 billion, a P/E ratio of 9.17, a PEG ratio of 0.52 and a beta of 1.18.
Gold Fields Cuts Dividend
The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a dividend of $0.1692 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 2.2%. Gold Fields's dividend payout ratio (DPR) is presently 14.14%.
About Gold Fields
(
Free Report)
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.
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