Gold Fields Limited (NYSE:GFI) Stake Trimmed by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC cut its holdings in shares of Gold Fields Limited (NYSE:GFI) by 6.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 12,863,826 shares of the company’s stock after selling 854,457 shares during the period. Gold Fields accounts for 19.6% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its largest holding. RWC Asset Advisors US LLC’s holdings in Gold Fields were worth $191,671,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Gold Fields by 145.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock worth $16,329,000 after buying an additional 669,819 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Gold Fields in the 4th quarter valued at approximately $3,017,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Gold Fields by 2.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,377,766 shares of the company’s stock valued at $48,842,000 after purchasing an additional 70,646 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Gold Fields by 5.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,187,779 shares of the company’s stock worth $31,635,000 after purchasing an additional 121,765 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Gold Fields during the fourth quarter worth $875,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Price Performance

Gold Fields stock opened at $13.74 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.77 and a quick ratio of 0.70. Gold Fields Limited has a fifty-two week low of $10.31 and a fifty-two week high of $18.97. The stock has a 50-day simple moving average of $15.79 and a 200-day simple moving average of $15.69.

Gold Fields Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, September 13th will be paid a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date is Friday, September 13th.

Analyst Upgrades and Downgrades

GFI has been the topic of a number of analyst reports. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and raised their price target for the company from $13.50 to $14.00 in a research note on Wednesday, June 26th. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Scotiabank decreased their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Gold Fields presently has an average rating of “Hold” and an average price target of $15.90.

Gold Fields 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.