Gold Fields Limited $GFI Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in Gold Fields Limited (NYSE:GFI) by 1.3% during the first quarter, HoldingsChannel.com reports. The fund owned 4,918,561 shares of the company’s stock after selling 62,321 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Gold Fields were worth $222,921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GFI. V Square Quantitative Management LLC purchased a new stake in Gold Fields during the 1st quarter worth $25,000. CIBC Private Wealth Group LLC raised its position in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the period. Bayforest Capital Ltd raised its position in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares during the period. Arax Advisory Partners lifted its stake in shares of Gold Fields by 352.6% during the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after purchasing an additional 885 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after purchasing an additional 2,152 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Price Performance

NYSE GFI opened at $32.28 on Friday. Gold Fields Limited has a one year low of $23.86 and a one year high of $61.64. The company has a 50-day simple moving average of $36.06 and a 200-day simple moving average of $44.49. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada decreased their price target on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Gold Fields Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.