Gold Fields Limited (NYSE:GFI) Position Trimmed by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in Gold Fields Limited (NYSE:GFI) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,293 shares of the company’s stock after selling 2,750 shares during the period. Federated Hermes Inc.’s holdings in Gold Fields were worth $302,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of GFI. DekaBank Deutsche Girozentrale boosted its holdings in shares of Gold Fields by 8.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 119,470 shares of the company’s stock worth $1,818,000 after buying an additional 9,470 shares during the period. South Street Advisors LLC boosted its stake in Gold Fields by 49.4% in the 2nd quarter. South Street Advisors LLC now owns 870,780 shares of the company’s stock worth $12,975,000 after purchasing an additional 288,030 shares during the period. LGT Fund Management Co Ltd. purchased a new position in Gold Fields during the 2nd quarter worth approximately $149,000. Caprock Group LLC raised its stake in Gold Fields by 836.6% during the 2nd quarter. Caprock Group LLC now owns 110,299 shares of the company’s stock valued at $1,643,000 after purchasing an additional 98,523 shares during the period. Finally, Custom Index Systems LLC purchased a new stake in shares of Gold Fields in the second quarter valued at $280,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Price Performance

NYSE GFI opened at $15.58 on Wednesday. The company has a 50 day moving average price of $15.34 and a two-hundred day moving average price of $15.75. Gold Fields Limited has a 12-month low of $10.31 and a 12-month high of $18.97. The stock has a market capitalization of $13.94 billion, a PE ratio of 8.85 and a beta of 1.17. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33.

Gold Fields Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, September 13th will be given a dividend of $0.1692 per share. This represents a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 13th. Gold Fields’s payout ratio is 15.34%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. Scotiabank lowered their target price on 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. JPMorgan Chase & Co. reduced their price target 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. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Finally, Bank of America started coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently 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.