Gold Fields Limited (NYSE:GFI) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. lowered its holdings in Gold Fields Limited (NYSE:GFI) by 40.0% during the second quarter, Holdings Channel.com reports. The firm owned 17,027 shares of the company’s stock after selling 11,328 shares during the period. Panagora Asset Management Inc.’s holdings in Gold Fields were worth $254,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Gold Fields by 78.4% in the 1st quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock valued at $49,000 after buying an additional 1,361 shares during the period. Parallel Advisors LLC increased its position in shares of Gold Fields by 51.7% during the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after acquiring an additional 1,662 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Gold Fields by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after acquiring an additional 1,090 shares during the period. QRG Capital Management Inc. raised its stake in shares of Gold Fields by 10.3% in the 4th quarter. QRG Capital Management Inc. now owns 11,802 shares of the company’s stock valued at $171,000 after acquiring an additional 1,101 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of Gold Fields by 6.9% in the 1st quarter. Ballentine Partners LLC now owns 14,017 shares of the company’s stock worth $223,000 after acquiring an additional 901 shares during the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Stock Performance

NYSE:GFI opened at $13.56 on Thursday. Gold Fields Limited has a 52 week low of $10.31 and a 52 week high of $18.97. The company has a fifty day simple moving average of $15.74 and a two-hundred day simple moving average of $15.69. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77.

Gold Fields Cuts Dividend

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

Analyst Ratings Changes

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