Gold Fields Limited $GFI Shares Sold by Park Avenue Securities LLC

Key Points

• Park Avenue Securities cut its Gold Fields stake by 81.2% in the third quarter, selling 27,234 shares and retaining 6,320 shares valued at about $228,000.
• Institutional investors showed mixed activity: several increased holdings, including RWC Asset Management and U.S. Global Investors. Institutions owned 24.81% of the company’s stock.
• Analysts have a Moderate Buy consensus rating and an average price target of $52.46; shares opened at $39.18, within a 52-week range of $31.11 to $61.64.

Park Avenue Securities LLC reduced its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 81.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,320 shares of the company's stock after selling 27,234 shares during the quarter. Park Avenue Securities LLC's holdings in Gold Fields were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GFI. Carolina Wealth Advisors LLC grew its position in Gold Fields by 1.7% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 59,987 shares of the company's stock valued at $2,167,000 after buying an additional 998 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Gold Fields during the 3rd quarter worth about $216,000. RWC Asset Management LLP raised its position in shares of Gold Fields by 27.8% during the 3rd quarter. RWC Asset Management LLP now owns 1,445,789 shares of the company's stock worth $52,222,000 after buying an additional 314,381 shares in the last quarter. RWC Asset Advisors US LLC lifted its stake in shares of Gold Fields by 40.2% in the 3rd quarter. RWC Asset Advisors US LLC now owns 1,329,744 shares of the company's stock worth $48,030,000 after acquiring an additional 381,312 shares during the period. Finally, U S Global Investors Inc. lifted its stake in shares of Gold Fields by 732.1% in the 3rd quarter. U S Global Investors Inc. now owns 208,031 shares of the company's stock worth $7,514,000 after acquiring an additional 183,031 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Gold Fields in a report on Thursday, October 15th. They issued a "neutral" rating and a $38.00 price objective for the company. Scotiabank dropped their target price on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Wall Street Zen downgraded Gold Fields from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Zacks Research raised Gold Fields from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 27th. Finally, RBC Dominion Securities set a $54.00 price target on Gold Fields and gave the company an "outperform" rating in a research note on Thursday, October 22nd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $52.46.

Gold Fields Stock Up 0.0%

NYSE:GFI opened at $39.18 on Monday. The business's 50-day moving average price is $39.24 and its 200 day moving average price is $42.39. Gold Fields Limited has a 52-week low of $31.11 and a 52-week high of $61.64.

Gold Fields Announces Dividend

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

About Gold Fields

Gold Fields Limited is a South Africa-based gold mining company. Its business includes the exploration, development, extraction and processing of mineral resources, with gold as its primary product and copper produced at some operations.

The company operates mines and projects in Australia, Ghana, Peru, South Africa and Chile. Its activities span the full mining cycle, from evaluating and developing deposits to operating mines and processing ore.

Gold Fields was formed in 1998 through the combination of Gold Fields of South Africa and Gencor's gold assets.

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