Gold Fields Limited $GFI Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its Gold Fields stake by 77% in the third quarter, selling 4.50 million shares and retaining 1.35 million shares valued at approximately $48.6 million. Institutional investors and hedge funds collectively own 24.81% of the company.
• Analyst sentiment is mixed: six analysts rate Gold Fields a Buy, two rate it Hold, and two rate it Sell. The consensus rating is Hold, with an average price target of $52.46.
• Gold Fields shares opened at $35.08, compared with a 52-week range of $31.11 to $61.64. The company also recently paid a dividend of $1.0144 per share.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 77.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,346,457 shares of the company's stock after selling 4,498,284 shares during the period. Robeco Institutional Asset Management B.V. owned 0.15% of Gold Fields worth $48,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in shares of Gold Fields during the 1st quarter worth approximately $25,000. Rockefeller Capital Management L.P. raised its stake in shares of Gold Fields by 1,604.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company's stock worth $92,000 after buying an additional 1,973 shares during the last quarter. Strategic Investment Advisors MI bought a new stake in shares of Gold Fields during the first quarter worth approximately $118,000. Allworth Financial LP lifted its holdings in Gold Fields by 11.8% in the second quarter. Allworth Financial LP now owns 2,631 shares of the company's stock valued at $88,000 after buying an additional 277 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in Gold Fields in the first quarter valued at approximately $121,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. RBC Dominion Securities set a $54.00 price objective on shares of Gold Fields and gave the company an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Zacks Research downgraded Gold Fields from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada increased their price target on Gold Fields from $49.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. Finally, Scotiabank reduced 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. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $52.46.

Gold Fields Stock Performance

Gold Fields stock opened at $35.08 on Friday. The business has a 50-day moving average of $41.37 and a 200-day moving average of $39.83. Gold Fields Limited has a 1 year low of $31.11 and a 1 year high of $61.64.

Gold Fields Announces Dividend

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

Gold Fields Profile

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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