Creative Planning Cuts Stock Position in Gold Fields Limited (NYSE:GFI)

Creative Planning cut its holdings in Gold Fields Limited (NYSE:GFI) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,635 shares of the company’s stock after selling 3,607 shares during the quarter. Creative Planning’s holdings in Gold Fields were worth $777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GFI. LGT Fund Management Co Ltd. bought a new position in Gold Fields in the 2nd quarter valued at approximately $149,000. Concurrent Investment Advisors LLC bought a new position in Gold Fields in the 2nd quarter valued at approximately $153,000. Hennion & Walsh Asset Management Inc. lifted its position in Gold Fields by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after acquiring an additional 1,090 shares in the last quarter. Candriam S.C.A. bought a new position in Gold Fields in the 2nd quarter valued at approximately $189,000. Finally, MQS Management LLC bought a new position in Gold Fields in the 2nd quarter valued at approximately $225,000. 26.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GFI. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Bank of America assumed coverage on Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 price target on the stock. Investec raised Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Scotiabank lowered their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Gold Fields presently has an average rating of “Moderate Buy” and a consensus target price of $15.93.

Gold Fields Stock Down 1.5 %

Shares of Gold Fields stock opened at $16.23 on Friday. Gold Fields Limited has a one year low of $12.19 and a one year high of $18.97. The stock’s fifty day moving average is $15.46 and its 200 day moving average is $15.83.

Gold Fields Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were issued a $0.1692 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 2.2%.

Gold Fields Company 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.