William Blair Investment Management LLC Takes Position in Gold Fields Limited $GFI

William Blair Investment Management LLC bought a new position in shares of Gold Fields Limited (NYSE:GFI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,676 shares of the company’s stock, valued at approximately $1,121,000.

A number of other large investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its position in Gold Fields by 39.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock worth $265,700,000 after buying an additional 1,714,442 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Gold Fields during the third quarter worth about $42,963,000. Man Group plc grew its position in shares of Gold Fields by 59.9% during the third quarter. Man Group plc now owns 2,229,678 shares of the company’s stock worth $93,557,000 after acquiring an additional 835,581 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Gold Fields by 24.3% in the 3rd quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock worth $173,584,000 after acquiring an additional 809,816 shares during the period. Finally, Van ECK Associates Corp lifted its position in Gold Fields by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after purchasing an additional 539,923 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and lifted their price target for the company from $40.25 to $57.25 in a report on Friday, April 24th. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Scotiabank decreased their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.75.

Gold Fields Stock Performance

GFI stock opened at $41.10 on Wednesday. The company has a 50-day simple moving average of $44.34 and a 200 day simple moving average of $46.66. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a fifty-two week low of $21.80 and a fifty-two week high of $61.64.

Gold Fields Announces Dividend

The business also recently declared a special dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 13th were paid a $1.4419 dividend. This represents a dividend yield of 633.0%. The ex-dividend date of this dividend was Friday, March 13th.

About Gold Fields

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.