Gold Fields Limited $GFI Stock: RWC Asset Advisors US LLC Raises Holdings

Key Points

• RWC Asset Advisors increased its Gold Fields position by 40.2% in the third quarter, purchasing 381,312 additional shares. The fund held 1.33 million shares worth approximately $48 million, representing 12.7% of its portfolio.
• Analyst sentiment remains mixed: Gold Fields has a consensus “Hold” rating from MarketBeat, with six Buy, two Hold and two Sell ratings and an average price target of $52.46.
• Gold Fields shares traded at $34.51, near the lower end of their 52-week range of $31.11 to $61.64. The company also recently paid a dividend of $1.0144 per share, though the reported yield appears unusually high.

RWC Asset Advisors US LLC boosted its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 40.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,329,744 shares of the company's stock after buying an additional 381,312 shares during the quarter. Gold Fields accounts for about 12.7% of RWC Asset Advisors US LLC's portfolio, making the stock its 2nd largest holding. RWC Asset Advisors US LLC owned about 0.15% of Gold Fields worth $48,030,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GFI. V Square Quantitative Management LLC purchased a new stake in shares of Gold Fields in the 1st quarter valued at $25,000. Allworth Financial LP increased its stake in shares of Gold Fields by 11.8% in the second quarter. Allworth Financial LP now owns 2,631 shares of the company's stock worth $88,000 after acquiring an additional 277 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of 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 during the period. Strategic Investment Advisors MI acquired a new stake in shares of Gold Fields in the first quarter worth $118,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Gold Fields during the first quarter worth $121,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Gold Fields from $49.00 to $54.00 and gave the company an "outperform" rating in a research report on Wednesday, September 16th. Scotiabank cut their price target on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Gold Fields in a research report on Monday, August 31st. Wall Street Zen lowered Gold Fields from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Finally, Zacks Research lowered Gold Fields from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Gold Fields presently has a consensus rating of "Hold" and a consensus target price of $52.46.

Gold Fields Stock Performance

NYSE GFI traded down $0.63 during trading hours on Friday, reaching $34.51. The company's stock had a trading volume of 4,634,069 shares, compared to its average volume of 4,144,583. Gold Fields Limited has a 1-year low of $31.11 and a 1-year high of $61.64. The company's 50-day moving average is $41.26 and its two-hundred day moving average is $39.80.

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 given a $1.0144 dividend. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 450.0%.

About Gold Fields

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.

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