Campbell & CO Investment Adviser LLC Sells 30,805 Shares of Gold Fields Limited $GFI

Campbell & CO Investment Adviser LLC lowered its stake in Gold Fields Limited (NYSE:GFI) by 67.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,034 shares of the company’s stock after selling 30,805 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Gold Fields were worth $356,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Gold Fields by 35.2% in the 1st quarter. Principal Financial Group Inc. now owns 49,803 shares of the company’s stock worth $1,100,000 after buying an additional 12,972 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Gold Fields by 42.3% in the first quarter. Bank of New York Mellon Corp now owns 64,670 shares of the company’s stock worth $1,429,000 after purchasing an additional 19,228 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Gold Fields in the first quarter worth about $8,075,000. Cerity Partners LLC bought a new stake in shares of Gold Fields during the 1st quarter valued at about $433,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Gold Fields during the 1st quarter valued at about $26,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Trading Down 0.8%

Shares of GFI stock opened at $40.96 on Monday. The stock has a fifty day simple moving average of $40.28 and a two-hundred day simple moving average of $30.90. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $47.18.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were paid a dividend of $0.3993 per share. This is a boost from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date of this dividend was Friday, September 12th. This represents a yield of 130.0%.

Analysts Set New Price Targets

GFI has been the subject of several recent research reports. HSBC restated a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Capital One Financial set a $32.00 price objective on shares of Gold Fields in a research report on Friday, August 22nd. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. assumed coverage on Gold Fields in a report on Thursday, October 23rd. They issued an “overweight” rating and a $62.00 target price on the stock. Finally, Citigroup assumed coverage on Gold Fields in a report on Tuesday, October 28th. They set a “buy” rating and a $50.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Gold Fields presently has an average rating of “Moderate Buy” and a consensus target price of $40.43.

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.