Raymond James & Associates trimmed its position in shares of Gold Fields Limited (NYSE:GFI – Free Report) by 22.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,403 shares of the company’s stock after selling 8,293 shares during the quarter. Raymond James & Associates’ holdings in Gold Fields were worth $393,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of Gold Fields by 5.9% during the first quarter. Ameriprise Financial Inc. now owns 16,770 shares of the company’s stock worth $223,000 after purchasing an additional 934 shares during the period. Innovis Asset Management LLC raised its position in shares of Gold Fields by 5.2% during the first quarter. Innovis Asset Management LLC now owns 20,388 shares of the company’s stock worth $272,000 after purchasing an additional 1,006 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Gold Fields by 3.3% during the first quarter. Sequoia Financial Advisors LLC now owns 32,832 shares of the company’s stock worth $437,000 after purchasing an additional 1,059 shares during the period. Captrust Financial Advisors raised its position in shares of Gold Fields by 100.8% during the second quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock worth $25,000 after purchasing an additional 1,376 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Gold Fields by 18.0% during the first quarter. NewEdge Advisors LLC now owns 10,674 shares of the company’s stock worth $142,000 after purchasing an additional 1,629 shares during the period. 20.99% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on GFI. JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating and set a $14.00 price target for the company in a report on Thursday, October 12th. Scotiabank decreased their price target on Gold Fields from $18.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday, August 18th. StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 7th. Finally, Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.83.
Gold Fields Trading Down 2.0 %
Shares of GFI stock opened at $12.95 on Friday. Gold Fields Limited has a fifty-two week low of $8.89 and a fifty-two week high of $17.78. The business’s 50 day moving average price is $12.61 and its 200-day moving average price is $13.87.
Gold Fields Cuts Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 8th were paid a dividend of $0.1711 per share. This represents a yield of 4%. The ex-dividend date was Thursday, September 7th.
Gold Fields Company Profile
Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.
- Five stocks we like better than Gold Fields
- How to Buy Gold Stock and Invest in Gold
- Institutional activity provides a bottom for gaming stocks
- How to Use the MarketBeat Stock Split Calculator
- Coca-Cola EuroPacific Partners is a tasty play on Coke
- Low PE Growth Stocks: Unlocking Investment Opportunities
- 3 reasons Qualcomm might be the easiest buy this month
Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.