APG Asset Management N.V. Lowers Holdings in Gold Fields Limited (NYSE:GFI)

APG Asset Management N.V. trimmed its position in shares of Gold Fields Limited (NYSE:GFI) by 12.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 310,000 shares of the company’s stock after selling 43,268 shares during the quarter. APG Asset Management N.V.’s holdings in Gold Fields were worth $4,310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Gold Fields by 78.4% during the first 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 last quarter. Parallel Advisors LLC increased its holdings in shares of Gold Fields by 51.7% in the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after purchasing an additional 1,662 shares in the last quarter. LGT Fund Management Co Ltd. bought a new stake in shares of Gold Fields in the 2nd quarter worth $149,000. Concurrent Investment Advisors LLC purchased a new position in shares of Gold Fields in the second quarter worth $153,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Gold Fields by 10.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after purchasing an additional 1,090 shares in the last quarter. 26.02% of the stock is currently owned by institutional investors.

Gold Fields Stock Performance

GFI opened at $16.24 on Monday. The company’s 50 day moving average is $15.30 and its 200 day moving average is $15.76. The company has a current ratio of 1.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.56 and a beta of 1.17. Gold Fields Limited has a 12-month low of $10.31 and a 12-month high of $18.97.

Gold Fields Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were given a dividend of $0.1692 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th. Gold Fields’s payout ratio is 14.84%.

Analysts Set New Price Targets

GFI has been the subject of several research analyst reports. Scotiabank reduced their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. cut their target price on shares of 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, Bank of America initiated coverage on shares of Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.93.

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.