CenterBook Partners LP Sells 15,082 Shares of Gold Fields Limited $GFI

CenterBook Partners LP reduced its stake in Gold Fields Limited (NYSE:GFI) by 66.0% during the third quarter, HoldingsChannel.com reports. The firm owned 7,780 shares of the company’s stock after selling 15,082 shares during the quarter. CenterBook Partners LP’s holdings in Gold Fields were worth $281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GFI. Allspring Global Investments Holdings LLC raised its stake in Gold Fields by 62.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock valued at $114,147,000 after buying an additional 910,580 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Gold Fields by 8.5% in the first quarter. Lazard Asset Management LLC now owns 1,280,861 shares of the company’s stock worth $58,151,000 after acquiring an additional 99,983 shares in the last quarter. RWC Asset Management LLP grew its stake in shares of Gold Fields by 27.8% in the third quarter. RWC Asset Management LLP now owns 1,445,789 shares of the company’s stock worth $52,222,000 after acquiring an additional 314,381 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Gold Fields by 2.5% in the first quarter. Royal Bank of Canada now owns 1,061,295 shares of the company’s stock worth $48,182,000 after acquiring an additional 25,635 shares during the last quarter. Finally, RWC Asset Advisors US LLC increased its holdings in shares of Gold Fields by 40.2% during the third quarter. RWC Asset Advisors US LLC now owns 1,329,744 shares of the company’s stock valued at $48,030,000 after acquiring an additional 381,312 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Down 0.1%

GFI stock opened at $35.76 on Friday. Gold Fields Limited has a 12-month low of $31.11 and a 12-month high of $61.64. The stock’s 50 day simple moving average is $38.40 and its 200 day simple moving average is $42.00.

Gold Fields Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were paid a $1.0144 dividend. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 450.0%.

Analyst Ratings Changes

GFI has been the subject of several recent analyst reports. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 27th. RBC Dominion Securities set a $54.00 price target on shares of Gold Fields and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. The Goldman Sachs Group initiated coverage on shares of Gold Fields in a research report on Thursday, October 15th. They set a “neutral” rating and a $38.00 price objective on the stock. Royal Bank Of Canada raised their price objective on shares of Gold Fields from $49.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Finally, Wall Street Zen cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.46.

About Gold Fields

Gold Fields Limited is a South Africa-based gold mining company. Its business includes the exploration, development, extraction and processing of mineral resources, with gold as its primary product and copper produced at some operations. The company operates mines and projects in Australia, Ghana, Peru, South Africa and Chile. Its activities span the full mining cycle, from evaluating and developing deposits to operating mines and processing ore. Gold Fields was formed in 1998 through the combination of Gold Fields of South Africa and Gencor’s gold assets.