Gold Fields Limited (NYSE:GFI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in shares of Gold Fields Limited (NYSE:GFI) by 14.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,147 shares of the company’s stock after selling 4,384 shares during the quarter. Federated Hermes Inc.’s holdings in Gold Fields were worth $364,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GFI. Van ECK Associates Corp increased its stake in Gold Fields by 15.1% during the 3rd quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company’s stock worth $501,287,000 after buying an additional 6,053,995 shares during the period. RWC Asset Advisors US LLC raised its stake in shares of Gold Fields by 3.1% in the third quarter. RWC Asset Advisors US LLC now owns 10,740,272 shares of the company’s stock valued at $116,639,000 after acquiring an additional 320,066 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Gold Fields by 0.9% in the third quarter. Mackenzie Financial Corp now owns 5,015,942 shares of the company’s stock valued at $53,921,000 after purchasing an additional 43,666 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Gold Fields by 1.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,307,120 shares of the company’s stock worth $35,915,000 after purchasing an additional 31,123 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Gold Fields by 11.1% during the 3rd quarter. Schroder Investment Management Group now owns 3,101,543 shares of the company’s stock worth $33,683,000 after purchasing an additional 308,972 shares in the last quarter. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Analysts Set New Price Targets

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

Gold Fields Stock Performance

Shares of GFI stock opened at $16.45 on Friday. The stock’s 50-day moving average is $15.92 and its two-hundred day moving average is $14.61. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. Gold Fields Limited has a 1 year low of $10.31 and a 1 year high of $18.97.

Gold Fields (NYSE:GFI) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.15 by $0.10. As a group, sell-side analysts forecast that Gold Fields Limited will post 1.53 earnings per share for the current year.

Gold Fields Increases Dividend

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

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.