Gold Fields Limited $GFI Stock Holdings Boosted by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC boosted its stake in shares of Gold Fields Limited (NYSE:GFI) by 40.2% in the third quarter, HoldingsChannel.com reports. The fund owned 1,329,744 shares of the company’s stock after purchasing an additional 381,312 shares during the period. Gold Fields makes up about 12.7% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 2nd biggest position. RWC Asset Advisors US LLC’s holdings in Gold Fields were worth $48,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GFI. Allspring Global Investments Holdings LLC grew its position in shares of Gold Fields by 62.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock valued at $114,147,000 after purchasing an additional 910,580 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Gold Fields during the first quarter worth about $10,887,000. Assenagon Asset Management S.A. purchased a new stake in shares of Gold Fields during the second quarter worth about $8,033,000. Sei Investments Co. raised its position in shares of Gold Fields by 76.6% during the 1st quarter. Sei Investments Co. now owns 497,600 shares of the company’s stock worth $22,591,000 after purchasing an additional 215,774 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Gold Fields by 32.1% during the 1st quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock worth $35,039,000 after purchasing an additional 187,755 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Price Performance

Shares of NYSE:GFI traded down $0.63 during midday trading on Friday, hitting $34.51. The company had a trading volume of 4,634,069 shares, compared to its average volume of 4,144,583. Gold Fields Limited has a twelve month low of $31.11 and a twelve month high of $61.64. The business’s 50-day simple moving average is $41.26 and its 200-day simple moving average is $39.80.

Gold Fields Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 24th. Shareholders 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%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GFI. JPMorgan Chase & Co. decreased their price target on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Royal Bank Of Canada boosted their price objective on Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. RBC Dominion Securities set a $54.00 price objective on Gold Fields and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group began coverage on Gold Fields in a report on Thursday, October 15th. They set a “neutral” rating and a $38.00 target price for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Gold Fields in a research report on Monday, August 31st. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $52.46.

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.