Gold Fields Limited $GFI Stock Bought by RWC Asset Management LLP

RWC Asset Management LLP lifted its stake in shares of Gold Fields Limited (NYSE:GFI) by 27.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,445,789 shares of the company’s stock after purchasing an additional 314,381 shares during the quarter. Gold Fields comprises 1.9% of RWC Asset Management LLP’s investment portfolio, making the stock its 12th biggest holding. RWC Asset Management LLP’s holdings in Gold Fields were worth $52,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Gold Fields in the 1st quarter valued at about $25,000. Rockefeller Capital Management L.P. boosted its holdings in Gold Fields by 1,604.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company’s stock worth $92,000 after acquiring an additional 1,973 shares in the last quarter. Strategic Investment Advisors MI bought a new position in Gold Fields in the first quarter worth approximately $118,000. Allworth Financial LP grew its stake in Gold Fields by 11.8% in the second quarter. Allworth Financial LP now owns 2,631 shares of the company’s stock valued at $88,000 after acquiring an additional 277 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Gold Fields in the first quarter valued at approximately $121,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Performance

Shares of GFI stock traded down $0.63 on Friday, hitting $34.51. The stock had a trading volume of 4,634,069 shares, compared to its average volume of 4,144,583. The business has a 50 day moving average of $41.26 and a 200 day moving average of $39.80. Gold Fields Limited has a 12-month low of $31.11 and a 12-month high of $61.64.

Gold Fields Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, September 24th. Shareholders of record on Friday, September 11th were given a $1.0144 dividend. This represents a yield of 450.0%. The ex-dividend date of this dividend was Friday, September 11th.

Analyst Ratings Changes

Several research firms have recently commented on GFI. JPMorgan Chase & Co. decreased their price objective on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group initiated coverage on shares of Gold Fields in a research report on Thursday, October 15th. They issued a “neutral” rating and a $38.00 price target on the stock. Scotiabank cut their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Finally, RBC Dominion Securities set a $54.00 price objective on Gold Fields and gave the stock an “outperform” rating in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $52.46.

Gold Fields Profile

Gold Fields Limited (NYSE:GFI) is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world’s major gold-mining companies through acquisitions, partnerships and the development of its own projects.