Bridgewater Associates LP cut its stake in shares of Gold Fields Limited (NYSE:GFI) by 77.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,716 shares of the company’s stock after selling 622,089 shares during the quarter. Bridgewater Associates LP’s holdings in Gold Fields Limited were worth $636,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Management Co. LLC boosted its stake in Gold Fields Limited by 1.5% during the second quarter. Global X Management Co. LLC now owns 36,933 shares of the company’s stock worth $129,000 after acquiring an additional 542 shares in the last quarter. Virtu Financial LLC bought a new position in Gold Fields Limited during the second quarter worth $136,000. Trust Co. of Vermont raised its holdings in Gold Fields Limited by 209.0% during the second quarter. Trust Co. of Vermont now owns 41,400 shares of the company’s stock worth $144,000 after buying an additional 28,000 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Gold Fields Limited during the first quarter worth $148,000. Finally, World Asset Management Inc raised its holdings in Gold Fields Limited by 2.4% during the first quarter. World Asset Management Inc now owns 51,107 shares of the company’s stock worth $180,000 after buying an additional 1,186 shares during the last quarter. 34.04% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on GFI shares. Goldman Sachs Group, Inc. (The) upgraded shares of Gold Fields Limited from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $3.44 to $3.41 in a report on Thursday, June 29th. BidaskClub downgraded shares of Gold Fields Limited from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research upgraded shares of Gold Fields Limited from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Gold Fields Limited presently has a consensus rating of “Hold” and a consensus target price of $3.71.
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Gold Fields Limited (GFI) opened at 4.35 on Friday. The firm has a market cap of $3.57 billion, a P/E ratio of 35.95 and a beta of -1.04. The firm’s 50-day moving average is $4.24 and its 200 day moving average is $3.73. Gold Fields Limited has a 12-month low of $2.60 and a 12-month high of $5.33.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be issued a dividend of $0.0303 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 7th.
Gold Fields Limited Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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