Gold Fields Limited (NYSE:GFI) Position Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in Gold Fields Limited (NYSE:GFI) by 13.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,319 shares of the company’s stock after buying an additional 2,480 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Gold Fields were worth $318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC acquired a new position in shares of Gold Fields in the 1st quarter worth approximately $85,326,000. Van ECK Associates Corp boosted its holdings in Gold Fields by 6.6% in the first quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock worth $750,667,000 after purchasing an additional 2,934,943 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Gold Fields by 145.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock worth $16,329,000 after purchasing an additional 669,819 shares during the period. South Street Advisors LLC bought a new stake in Gold Fields during the first quarter valued at $9,260,000. Finally, RWC Asset Management LLP raised its holdings in shares of Gold Fields by 10.0% during the second quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after purchasing an additional 324,885 shares during the period. 26.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Scotiabank lowered their price objective on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Bank of America began coverage on Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective 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. Finally, BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $13.50 to $14.00 in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.93.

Gold Fields Stock Performance

GFI opened at $16.24 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $15.30 and its 200-day moving average is $15.76. Gold Fields Limited has a twelve month low of $10.31 and a twelve month high of $18.97.

Gold Fields Cuts Dividend

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

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.