Gold Fields Limited $GFI Shares Acquired by RWC Asset Management LLP

RWC Asset Management LLP boosted its stake in shares of Gold Fields Limited (NYSE:GFI – Free Report) by 27.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,445,789 shares of the company’s stock after buying an additional 314,381 shares during the quarter. Gold Fields makes up approximately 1.9% of RWC Asset Management LLP’s portfolio, making the stock its 12th biggest position. RWC Asset Management LLP owned 0.16% of Gold Fields worth $52,222,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its position in shares of Gold Fields by 62.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock worth $114,147,000 after acquiring an additional 910,580 shares during the last quarter. RWC Asset Advisors US LLC lifted its stake in shares of Gold Fields by 40.2% in the third quarter. RWC Asset Advisors US LLC now owns 1,329,744 shares of the company’s stock worth $48,030,000 after acquiring an additional 381,312 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Gold Fields in the first quarter valued at approximately $10,887,000. Assenagon Asset Management S.A. bought a new stake in Gold Fields in the second quarter valued at approximately $8,033,000. Finally, Sei Investments Co. boosted its holdings in Gold Fields by 76.6% in the first quarter. Sei Investments Co. now owns 497,600 shares of the company’s stock valued at $22,591,000 after acquiring an additional 215,774 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GFI. Royal Bank Of Canada boosted their price target on shares of Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Wall Street Zen cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Scotiabank decreased their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. The Goldman Sachs Group started coverage on shares of Gold Fields in a research note on Thursday, October 15th. They set a “neutral” rating and a $38.00 target price for the company. Finally, Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.46.

Check Out Our Latest Stock Report on Gold Fields

Gold Fields Price Performance

GFI traded down $0.63 during trading on Friday, hitting $34.51. The company’s stock had a trading volume of 4,634,069 shares, compared to its average volume of 4,144,583. Gold Fields Limited has a twelve month low of $31.11 and a twelve month high of $61.64. The stock’s fifty day moving average price is $41.26 and its 200-day moving average price is $39.80.

Gold Fields Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were paid a $1.0144 dividend. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 450.0%.

Gold Fields Company Profile

(Free Report)

Gold Fields Limited (NYSE:GFI) is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world’s major gold-mining companies through acquisitions, partnerships and the development of its own projects.

See Also

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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