Dimensional Fund Advisors LP Sells 43,819 Shares of Gold Fields Limited $GFI

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 shares of Gold Fields Limited (NYSE:GFI - Free Report) by 0.8% during the first quarter, according to its most recent Form 13F 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 quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GFI. Robeco Institutional Asset Management B.V. grew its stake in shares of Gold Fields by 153.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock valued at $32,832,000 after buying an additional 900,317 shares during the last quarter. Man Group plc grew its stake in shares of Gold Fields by 119.9% during the fourth quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after buying an additional 772,928 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Gold Fields during the fourth quarter valued at about $9,033,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Gold Fields by 169.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 931,777 shares of the company's stock valued at $20,583,000 after buying an additional 585,950 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Gold Fields by 21.5% during the first quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock valued at $58,376,000 after buying an additional 467,579 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Gold Fields Stock Down 0.7%

Gold Fields stock traded down $0.23 during trading hours on Wednesday, hitting $32.90. 3,193,263 shares of the stock traded hands, compared to its average volume of 3,236,782. The firm's 50-day moving average price is $26.65 and its two-hundred day moving average price is $23.41. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The company has a market cap of $29.45 billion, a PE ratio of 14.00, a PEG ratio of 0.36 and a beta of 0.42. Gold Fields Limited has a one year low of $12.98 and a one year high of $33.18.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be given a dividend of $0.3993 per share. This represents a yield of 130.0%. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. Gold Fields's payout ratio is presently 26.38%.

Analyst Upgrades and Downgrades

GFI has been the topic of several recent analyst reports. Capital One Financial set a $32.00 target price on Gold Fields in a research note on Friday, August 22nd. BMO Capital Markets raised their target price on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday. Wall Street Zen raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Finally, Canaccord Genuity Group initiated coverage on Gold Fields in a research note on Monday, July 28th. They issued a "buy" rating and a $33.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.11.

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.