Allspring Global Investments Holdings LLC Has $14.39 Million Stock Position in Gold Fields Limited (NYSE:GFI)

Allspring Global Investments Holdings LLC lowered its position in shares of Gold Fields Limited (NYSE:GFI) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 995,440 shares of the company’s stock after selling 115,560 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Gold Fields were worth $14,394,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC raised its stake in Gold Fields by 136.9% during the 4th quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock valued at $3,209,000 after purchasing an additional 128,262 shares during the period. Wellington Management Group LLP acquired a new position in Gold Fields in the 3rd quarter valued at approximately $2,046,000. Capricorn Fund Managers Ltd purchased a new stake in Gold Fields in the 4th quarter worth approximately $3,897,000. Seven Eight Capital LP purchased a new stake in Gold Fields in the 3rd quarter worth approximately $165,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Gold Fields by 36.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 71,868 shares of the company’s stock valued at $780,000 after buying an additional 19,149 shares during the period. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Gold Fields Price Performance

NYSE GFI opened at $17.61 on Tuesday. Gold Fields Limited has a fifty-two week low of $10.31 and a fifty-two week high of $18.97. The stock’s 50-day moving average is $14.91 and its two-hundred day moving average is $14.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25.

Gold Fields (NYSE:GFI) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. Equities research analysts anticipate that Gold Fields Limited will post 1.15 EPS for the current year.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.1717 dividend. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 2.5%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GFI shares. Scotiabank dropped their price target on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a research note on Monday, February 26th. BMO Capital Markets lowered Gold Fields from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $14.00 to $12.00 in a research report on Friday, February 2nd. UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.67.

Gold Fields 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.