Gold Fields Limited (NYSE:GFI) Holdings Lowered by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,882 shares of the company's stock after selling 47,626 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Gold Fields were worth $5,048,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GFI. Van ECK Associates Corp raised its holdings in shares of Gold Fields by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company's stock valued at $744,566,000 after buying an additional 1,549,372 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of 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 purchasing an additional 2,300 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Gold Fields in the third quarter valued at $613,000. International Assets Investment Management LLC acquired a new stake in shares of Gold Fields during the third quarter valued at about $10,600,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Gold Fields by 66.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company's stock worth $21,263,000 after purchasing an additional 551,210 shares during the last quarter. 26.02% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Down 2.7 %

Shares of Gold Fields stock traded down $0.44 during trading on Friday, hitting $15.80. 3,092,554 shares of the stock were exchanged, compared to its average volume of 2,868,109. The stock's fifty day moving average is $15.66 and its 200 day moving average is $15.79. Gold Fields Limited has a 12 month low of $12.19 and a 12 month high of $18.97.

Gold Fields Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GFI. Scotiabank lowered their price objective 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. Bank of America initiated coverage on shares of Gold Fields in a report on Monday, September 16th. They issued a "buy" rating and a $16.00 price objective for the company. StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Finally, Investec raised shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $15.93.

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.