Van ECK Associates Corp Raises Stock Position in Gold Fields Limited (NYSE:GFI)

Van ECK Associates Corp increased its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,505,911 shares of the company's stock after purchasing an additional 1,549,372 shares during the period. Gold Fields makes up 0.8% of Van ECK Associates Corp's holdings, making the stock its 22nd biggest position. Van ECK Associates Corp owned approximately 5.42% of Gold Fields worth $744,566,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GFI. DekaBank Deutsche Girozentrale grew its position in Gold Fields by 1.9% during the third 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 during the period. Assenagon Asset Management S.A. acquired a new stake in Gold Fields during the third quarter valued at $613,000. International Assets Investment Management LLC acquired a new stake in Gold Fields during the third quarter valued at $10,600,000. Allspring Global Investments Holdings LLC grew its position in Gold Fields by 66.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company's stock valued at $21,263,000 after buying an additional 551,210 shares during the period. Finally, Blue Trust Inc. grew its position in Gold Fields by 20.0% during the third quarter. Blue Trust Inc. now owns 65,565 shares of the company's stock valued at $977,000 after buying an additional 10,908 shares during the period. Hedge funds and other institutional investors own 26.02% of the company's stock.

Wall Street Analysts Forecast Growth

GFI has been the topic of several research analyst reports. Bank of America initiated coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a "buy" rating and a $16.00 target price on the stock. StockNews.com upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Finally, Scotiabank dropped their target price on shares of Gold Fields from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research report on Monday, August 26th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.93.

Gold Fields Stock Performance

GFI traded down $0.25 on Friday, reaching $16.23. 1,852,157 shares of the company's stock were exchanged, compared to its average volume of 2,845,592. Gold Fields Limited has a twelve month low of $12.19 and a twelve month high of $18.97. The stock's fifty day moving average price is $15.46 and its 200-day moving average price is $15.81.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Investors 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 yield of 2.2%.

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.