RWC Asset Advisors US LLC Reduces Holdings in Gold Fields Limited $GFI

RWC Asset Advisors US LLC reduced its position in shares of Gold Fields Limited (NYSE:GFI) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 948,432 shares of the company’s stock after selling 115,961 shares during the quarter. Gold Fields comprises 7.1% of RWC Asset Advisors US LLC’s portfolio, making the stock its 6th largest holding. RWC Asset Advisors US LLC owned about 0.11% of Gold Fields worth $31,858,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GFI. Blue Trust Inc. increased its holdings in shares of Gold Fields by 4.5% in the first quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock valued at $225,000 after purchasing an additional 215 shares in the last quarter. Manning & Napier Advisors LLC raised its position in Gold Fields by 0.3% in the 1st quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock worth $3,617,000 after purchasing an additional 241 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Gold Fields by 3.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company’s stock worth $338,000 after buying an additional 269 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after buying an additional 273 shares during the last quarter. Finally, SmartHarvest Portfolios LLC boosted its position in Gold Fields by 5.9% in the 1st quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company’s stock valued at $221,000 after buying an additional 273 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

GFI has been the subject of a number of recent research reports. Royal Bank Of Canada dropped their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Zacks Research lowered Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Gold Fields in a research report on Monday, August 31st. Scotiabank decreased their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.05.

Gold Fields Trading Up 0.0%

Gold Fields stock opened at $47.41 on Tuesday. Gold Fields Limited has a twelve month low of $31.11 and a twelve month high of $61.64. The company has a current ratio of 1.87, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $38.38 and a 200-day moving average of $42.11.

Gold Fields Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be paid a $1.0144 dividend. The ex-dividend date is Friday, September 11th. This represents a yield of 421.0%.

Gold Fields Profile

Gold Fields (NYSE: GFI) is a Johannesburg?based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open?pit mining, ore treatment and refining, and ongoing exploration to replace reserves.