APG Asset Management N.V. Cuts Position in Gold Fields Limited (NYSE:GFI)

APG Asset Management N.V. decreased its position in shares of Gold Fields Limited (NYSE:GFI) by 12.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,000 shares of the company’s stock after selling 43,268 shares during the period. APG Asset Management N.V.’s holdings in Gold Fields were worth $4,310,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of 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 buying an additional 669,819 shares in the last quarter. Range Financial Group LLC bought a new stake in shares of Gold Fields in the 2nd quarter worth approximately $1,243,000. RWC Asset Management LLP boosted its stake in shares of Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock valued at $53,476,000 after purchasing an additional 324,885 shares in the last quarter. Capital Wealth Planning LLC purchased a new position in Gold Fields in the 2nd quarter worth $2,390,000. Finally, Caprock Group LLC raised its position in Gold Fields by 836.6% in the 2nd quarter. Caprock Group LLC now owns 110,299 shares of the company’s stock worth $1,643,000 after purchasing an additional 98,523 shares during the period. Institutional investors own 26.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GFI. Scotiabank reduced their price objective 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. Bank of America initiated coverage on Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 price target on the stock. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $13.50 to $14.00 in a research report on Wednesday, June 26th. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Gold Fields presently has an average rating of “Hold” and a consensus price target of $15.93.

Gold Fields Price Performance

Shares of GFI stock opened at $16.24 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77. The firm has a market cap of $14.54 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.56 and a beta of 1.17. The business’s 50 day moving average price is $15.30 and its 200-day moving average price is $15.76. Gold Fields Limited has a fifty-two week low of $10.31 and a fifty-two week high of $18.97.

Gold Fields Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a $0.1692 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 2.2%. Gold Fields’s dividend payout ratio (DPR) is presently 14.84%.

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.