Gold Fields Limited $GFI Position Lessened by IFP Advisors Inc

IFP Advisors Inc decreased its position in shares of Gold Fields Limited (NYSE:GFI) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,193 shares of the company’s stock after selling 13,924 shares during the period. IFP Advisors Inc’s holdings in Gold Fields were worth $4,843,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Gold Fields by 69.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after purchasing an additional 1,794,124 shares during the last quarter. Man Group plc lifted its holdings in shares of Gold Fields by 63.7% during the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock valued at $159,394,000 after buying an additional 1,421,121 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Gold Fields by 211.0% during the 4th quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock valued at $78,231,000 after buying an additional 1,215,647 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Gold Fields by 3.4% in the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after buying an additional 1,180,634 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Gold Fields in the 3rd quarter valued at approximately $42,963,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on GFI shares. Scotiabank dropped their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gold Fields in a research note on Monday, August 31st. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Royal Bank Of Canada cut their price target on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.05.

Gold Fields Price Performance

NYSE GFI opened at $45.60 on Friday. Gold Fields Limited has a 1 year low of $31.11 and a 1 year high of $61.64. The company has a fifty day simple moving average of $39.13 and a 200 day simple moving average of $41.97. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.27.

Gold Fields Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be given a $1.0144 dividend. This represents a dividend yield of 445.0%. The ex-dividend date of this dividend is Friday, September 11th.

Gold Fields Profile

Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.