Massachusetts Financial Services Co. MA Has $94.49 Million Stock Holdings in Gold Fields Limited (NYSE:GFI)

Massachusetts Financial Services Co. MA grew its position in shares of Gold Fields Limited (NYSE:GFI) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,155,835 shares of the company’s stock after acquiring an additional 580,546 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Gold Fields were worth $94,492,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Creative Planning boosted its holdings in Gold Fields by 15.2% during the second quarter. Creative Planning now owns 54,242 shares of the company’s stock worth $808,000 after purchasing an additional 7,155 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Gold Fields during the 3rd quarter worth about $1,052,000. International Assets Investment Management LLC acquired a new position in shares of Gold Fields during the 3rd quarter worth about $10,600,000. Range Financial Group LLC bought a new position in shares of Gold Fields in the 2nd quarter valued at about $1,243,000. Finally, Van ECK Associates Corp increased its position in shares of Gold Fields by 3.3% in the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after acquiring an additional 1,549,372 shares during the last quarter. 26.02% of the stock is owned by institutional investors.

Gold Fields Price Performance

GFI stock opened at $15.24 on Friday. Gold Fields Limited has a 1-year low of $12.19 and a 1-year high of $18.97. The business’s 50 day simple moving average is $15.81 and its 200 day simple moving average is $15.62.

Gold Fields Cuts Dividend

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

Analyst Ratings Changes

GFI has been the subject of a number of analyst reports. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Scotiabank decreased their target price on shares of 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. StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Bank of America started coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.93.

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.