Allspring Global Investments Holdings LLC Trims Stock Holdings in Gold Fields Limited (NYSE:GFI)

Allspring Global Investments Holdings LLC cut its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 995,440 shares of the company's stock after selling 115,560 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.11% of Gold Fields worth $14,394,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GFI. IFP Advisors Inc increased its holdings in shares of Gold Fields by 900.0% during the second quarter. IFP Advisors Inc now owns 2,000 shares of the company's stock valued at $28,000 after acquiring an additional 1,800 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Gold Fields by 100.8% during the second quarter. Captrust Financial Advisors now owns 2,741 shares of the company's stock valued at $25,000 after acquiring an additional 1,376 shares in the last quarter. Money Concepts Capital Corp bought a new stake in shares of Gold Fields during the fourth quarter valued at approximately $31,000. Chiron Investment Management LLC bought a new stake in shares of Gold Fields during the first quarter valued at approximately $68,000. Finally, Bartlett & Co. LLC bought a new stake in shares of Gold Fields during the third quarter valued at approximately $49,000. 26.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on GFI. UBS Group downgraded Gold Fields from a "buy" rating to a "neutral" rating in a report on Wednesday, April 10th. StockNews.com upgraded Gold Fields from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. BMO Capital Markets downgraded Gold Fields from a "market perform" rating to an "underperform" rating and decreased their price target for the stock from $14.00 to $12.00 in a report on Friday, February 2nd. Finally, Scotiabank decreased their price target on Gold Fields from $15.50 to $15.00 and set a "sector perform" rating for the company in a report on Monday, February 26th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Gold Fields has a consensus rating of "Hold" and a consensus price target of $13.67.

Gold Fields Price Performance

Gold Fields stock traded down $0.18 during trading on Tuesday, hitting $17.42. 5,494,082 shares of the company were exchanged, compared to its average volume of 4,685,654. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $14.91 and its 200 day moving average is $14.13. Gold Fields Limited has a 52 week low of $10.31 and a 52 week high of $18.97.

Gold Fields (NYSE:GFI - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. As a group, equities analysts expect that Gold Fields Limited will post 1.15 EPS for the current year.

Gold Fields Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.1717 dividend. This represents a yield of 2.5%. The ex-dividend date was Thursday, March 14th. This is an increase from Gold Fields's previous semi-annual dividend of $0.17.

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.