Gold Fields Limited $GFI Stock: Park Avenue Securities LLC Cuts Holdings

Park Avenue Securities LLC cut its stake in shares of Gold Fields Limited (NYSE:GFI) by 81.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,320 shares of the company’s stock after selling 27,234 shares during the quarter. Park Avenue Securities LLC’s holdings in Gold Fields were worth $228,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Gold Fields by 62.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock worth $114,147,000 after acquiring an additional 910,580 shares during the last quarter. RWC Asset Advisors US LLC raised its position in shares of Gold Fields by 40.2% during the third quarter. RWC Asset Advisors US LLC now owns 1,329,744 shares of the company’s stock worth $48,030,000 after purchasing an additional 381,312 shares during the period. RWC Asset Management LLP lifted its holdings in shares of Gold Fields by 27.8% during the third quarter. RWC Asset Management LLP now owns 1,445,789 shares of the company’s stock valued at $52,222,000 after purchasing an additional 314,381 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Gold Fields during the first quarter valued at $10,887,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Gold Fields during the second quarter valued at $8,033,000. 24.81% of the stock is owned by institutional investors.

Gold Fields Trading Up 0.0%

NYSE GFI opened at $39.18 on Monday. Gold Fields Limited has a twelve month low of $31.11 and a twelve month high of $61.64. The firm’s 50 day moving average price is $39.24 and its two-hundred day moving average price is $42.39.

Gold Fields Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were given a $1.0144 dividend. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend was Friday, September 11th.

Analyst Ratings Changes

A number of research firms recently weighed in on GFI. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 27th. 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 report on Wednesday, September 16th. Scotiabank reduced their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Wall Street Zen cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Gold Fields in a report on Monday, August 31st. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Gold Fields presently has a consensus rating of “Moderate Buy” and an average price target of $52.46.

Gold Fields Company Profile

Gold Fields Limited is a South Africa-based gold mining company. Its business includes the exploration, development, extraction and processing of mineral resources, with gold as its primary product and copper produced at some operations.

The company operates mines and projects in Australia, Ghana, Peru, South Africa and Chile. Its activities span the full mining cycle, from evaluating and developing deposits to operating mines and processing ore.

Gold Fields was formed in 1998 through the combination of Gold Fields of South Africa and Gencor’s gold assets.