Renaissance Technologies LLC Sells 676,900 Shares of Gold Fields Limited (NYSE:GFI)

Renaissance Technologies LLC lowered its stake in Gold Fields Limited (NYSE:GFI) by 19.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,847,069 shares of the company’s stock after selling 676,900 shares during the period. Renaissance Technologies LLC owned 0.32% of Gold Fields worth $42,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GFI. Van ECK Associates Corp boosted its position in Gold Fields by 6.6% in the first quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock worth $750,667,000 after purchasing an additional 2,934,943 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Gold Fields during the 1st quarter valued at $85,326,000. RWC Asset Management LLP increased its stake in shares of Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after purchasing an additional 324,885 shares in the last quarter. Schroder Investment Management Group raised its holdings in Gold Fields by 4.5% in the 4th quarter. Schroder Investment Management Group now owns 3,240,748 shares of the company’s stock worth $46,861,000 after purchasing an additional 139,205 shares during the period. Finally, National Bank of Canada FI lifted its position in Gold Fields by 6.3% during the second quarter. National Bank of Canada FI now owns 1,760,789 shares of the company’s stock valued at $26,165,000 after purchasing an additional 104,145 shares in the last quarter. Institutional investors own 26.02% of the company’s stock.

Gold Fields Stock Down 0.7 %

Shares of NYSE GFI opened at $14.35 on Thursday. Gold Fields Limited has a 52-week low of $10.31 and a 52-week high of $18.97. The company has a current ratio of 1.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $15.43 and its two-hundred day moving average is $15.74.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be given a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 13th.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GFI shares. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Scotiabank reduced their price objective on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $13.50 to $14.00 in a research note on Wednesday, June 26th. Bank of America assumed coverage on shares of Gold Fields in a report on Monday. They issued a “buy” rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price target on Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.93.

About Gold Fields

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.