Confluence Investment Management LLC Trims Stake in Gold Fields Limited (NYSE:GFI)

Confluence Investment Management LLC reduced its position in Gold Fields Limited (NYSE:GFIGet Rating) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 23,724 shares of the company’s stock after selling 1,366 shares during the period. Confluence Investment Management LLC’s holdings in Gold Fields were worth $216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Asset Management Inc. purchased a new stake in shares of Gold Fields in the 1st quarter valued at about $339,000. Capital Fund Management S.A. acquired a new stake in Gold Fields during the 1st quarter worth approximately $411,000. Profund Advisors LLC lifted its position in Gold Fields by 17.2% during the 1st quarter. Profund Advisors LLC now owns 95,189 shares of the company’s stock worth $1,472,000 after acquiring an additional 13,988 shares during the period. Citigroup Inc. lifted its position in Gold Fields by 940.0% during the 4th quarter. Citigroup Inc. now owns 587,631 shares of the company’s stock worth $6,458,000 after acquiring an additional 531,126 shares during the period. Finally, OneAscent Financial Services LLC acquired a new stake in Gold Fields during the 1st quarter worth approximately $190,000. 26.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Investec raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.77.

Gold Fields Price Performance

Shares of GFI stock opened at $7.51 on Friday. The stock has a 50 day simple moving average of $8.75 and a 200-day simple moving average of $11.31. Gold Fields Limited has a 12-month low of $7.24 and a 12-month high of $17.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.22 and a quick ratio of 0.96.

Gold Fields Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.172 per share. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 15th.

Gold Fields Company Profile

(Get Rating)

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.

Read More

Want to see what other hedge funds are holding GFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold Fields Limited (NYSE:GFIGet Rating).

Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.