Gold Fields Limited (NYSE:GFI) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its position in Gold Fields Limited (NYSE:GFI) by 2.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 544,500 shares of the company’s stock after selling 16,500 shares during the period. Gabelli Funds LLC owned about 0.06% of Gold Fields worth $8,113,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ballentine Partners LLC boosted its position in shares of Gold Fields by 6.9% in the 1st quarter. Ballentine Partners LLC now owns 14,017 shares of the company’s stock worth $223,000 after buying an additional 901 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after purchasing an additional 1,090 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Gold Fields by 78.4% in the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock valued at $49,000 after purchasing an additional 1,361 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Gold Fields by 51.7% during the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its position in shares of Gold Fields by 13.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 14,813 shares of the company’s stock worth $235,000 after purchasing an additional 1,789 shares during the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Stock Performance

NYSE GFI opened at $15.52 on Tuesday. The business’s 50-day moving average price is $15.37 and its 200 day moving average price is $15.75. The company has a current ratio of 1.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. Gold Fields Limited has a twelve month low of $10.31 and a twelve month high of $18.97. The company has a market capitalization of $13.89 billion, a PE ratio of 8.82 and a beta of 1.17.

Gold Fields Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 2.2%. Gold Fields’s dividend payout ratio is presently 15.34%.

Analyst Ratings Changes

GFI has been the topic of a number of analyst reports. Bank of America assumed coverage on Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 target price on the stock. BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $13.50 to $14.00 in a research note on Wednesday, June 26th. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Scotiabank decreased their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Gold Fields has an average rating of “Hold” and an average target price of $15.93.

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.