Gold Fields Limited $GFI Stock Holdings Cut by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Gold Fields Limited by 0.8% in the first quarter, currently owning approximately 5.65 million shares worth around $124.8 million.
• Multiple institutional investors, including Deutsche Bank AG and Robeco Institutional Asset Management, increased their stakes in Gold Fields during the same quarter, indicating a mixed sentiment among major stakeholders.
• Gold Fields has recently received varied ratings from analysts, with Wall Street Zen downgrading it from "strong-buy" to "buy", while the consensus rating remains at "Hold" with an average target price of $22.36.

Dimensional Fund Advisors LP reduced its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,651,788 shares of the company's stock after selling 43,819 shares during the quarter. Dimensional Fund Advisors LP owned 0.63% of Gold Fields worth $124,826,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GFI. Massachusetts Financial Services Co. MA lifted its holdings in shares of Gold Fields by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock valued at $99,567,000 after buying an additional 45,171 shares during the period. Deutsche Bank AG raised its holdings in shares of Gold Fields by 21.5% in the first quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock worth $58,376,000 after acquiring an additional 467,579 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Gold Fields by 153.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock valued at $32,832,000 after purchasing an additional 900,317 shares during the last quarter. Man Group plc lifted its holdings in Gold Fields by 119.9% in the 4th quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after purchasing an additional 772,928 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Gold Fields by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,361,933 shares of the company's stock worth $17,978,000 after acquiring an additional 96,244 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GFI. Canaccord Genuity Group began coverage on Gold Fields in a research report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective for the company. Wall Street Zen raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $22.36.

Gold Fields Stock Performance

Shares of NYSE:GFI traded up $0.89 during trading on Friday, hitting $31.15. 4,160,426 shares of the company traded hands, compared to its average volume of 3,094,375. The business's fifty day moving average is $26.15 and its 200-day moving average is $23.18. Gold Fields Limited has a one year low of $12.98 and a one year high of $31.77. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.