Dimensional Fund Advisors LP Sells 23,215 Shares of Gold Fields Limited $GFI

Key Points

• Dimensional Fund Advisors LP trimmed its stake in Gold Fields (NYSE: GFI) by 0.4%, selling 23,215 shares and finishing the quarter with 5,577,912 shares valued at $233,991,000 (about 0.62% of the company).
• Analyst consensus on GFI is a Hold with an average price target of $44, though several firms recently raised targets and ratings (e.g., Scotiabank to $61 and JPMorgan to $65, with some upgrades to Buy/Strong Buy).
• Other institutions also adjusted positions—Millennium Management increased its stake by 20.3% and Envestnet added 17.3%—and total institutional ownership of Gold Fields is 24.81%.

Dimensional Fund Advisors LP lowered its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,577,912 shares of the company's stock after selling 23,215 shares during the quarter. Dimensional Fund Advisors LP owned 0.62% of Gold Fields worth $233,991,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of Gold Fields by 20.3% during the first quarter. Millennium Management LLC now owns 191,482 shares of the company's stock worth $4,230,000 after purchasing an additional 32,343 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock worth $50,000 after purchasing an additional 2,152 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Gold Fields in the 1st quarter worth about $236,000. Jones Financial Companies Lllp purchased a new position in Gold Fields in the 1st quarter worth about $268,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Gold Fields by 17.3% during the second quarter. Envestnet Asset Management Inc. now owns 428,929 shares of the company's stock valued at $10,152,000 after acquiring an additional 63,371 shares in the last quarter. Institutional investors own 24.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GFI shares. Zacks Research raised Gold Fields from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd. Royal Bank Of Canada decreased their price objective on Gold Fields to $45.00 and set an "outperform" rating for the company in a report on Monday, November 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a research note on Thursday, January 22nd. Scotiabank raised their target price on shares of Gold Fields from $47.00 to $61.00 and gave the company a "sector perform" rating in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Gold Fields from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $44.00.

Gold Fields Price Performance

GFI opened at $50.35 on Friday. Gold Fields Limited has a 12 month low of $19.35 and a 12 month high of $61.64. The stock has a fifty day moving average price of $51.69 and a 200-day moving average price of $44.13.

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.

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