Rhumbline Advisers Sells 6,010 Shares of Gold Fields Limited (NYSE:GFI)

Rhumbline Advisers cut its position in Gold Fields Limited (NYSE:GFI) by 26.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,612 shares of the company’s stock after selling 6,010 shares during the quarter. Rhumbline Advisers’ holdings in Gold Fields were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GFI. Goldman Sachs Group Inc. grew its stake in Gold Fields by 145.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock valued at $16,329,000 after purchasing an additional 669,819 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Gold Fields during the fourth quarter worth about $875,000. Principal Financial Group Inc. purchased a new stake in Gold Fields in the first quarter valued at approximately $665,000. Hennion & Walsh Asset Management Inc. increased its holdings in Gold Fields by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after buying an additional 1,090 shares during the period. Finally, TrueMark Investments LLC purchased a new position in Gold Fields during the 2nd quarter worth approximately $417,000. 26.02% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $16.24 on Friday. The business’s 50 day moving average price is $15.30 and its 200 day moving average price 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. Gold Fields Limited has a one year low of $10.31 and a one year high of $18.97.

Gold Fields Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were issued 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.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GFI. BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. JPMorgan Chase & Co. lowered their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Bank of America started coverage on Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective for the company. Finally, Scotiabank lowered their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.93.

About Gold Fields

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.