Gold Fields Limited $GFI Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in Gold Fields Limited (NYSE:GFI) by 77.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,346,457 shares of the company’s stock after selling 4,498,284 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Gold Fields were worth $48,634,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GFI. V Square Quantitative Management LLC acquired a new stake in Gold Fields during the 1st quarter worth $25,000. Allworth Financial LP lifted its holdings in Gold Fields by 11.8% during the second quarter. Allworth Financial LP now owns 2,631 shares of the company’s stock worth $88,000 after acquiring an additional 277 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Gold Fields by 1,604.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company’s stock valued at $92,000 after acquiring an additional 1,973 shares during the period. Strategic Investment Advisors MI acquired a new position in Gold Fields in the first quarter valued at about $118,000. Finally, Banque Cantonale Vaudoise acquired a new position in Gold Fields in the first quarter valued at about $121,000. Institutional investors own 24.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Gold Fields in a report on Thursday, October 15th. They issued a “neutral” rating and a $38.00 price target for the company. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. JPMorgan Chase & Co. cut their price objective on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. RBC Dominion Securities set a $54.00 price objective on Gold Fields and gave the company an “outperform” rating in a research report on Thursday. Finally, Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.46.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $35.08 on Friday. Gold Fields Limited has a 12 month low of $31.11 and a 12 month high of $61.64. The company’s fifty day simple moving average is $41.37 and its 200 day simple moving average is $39.83.

Gold Fields Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were paid a $1.0144 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a yield of 450.0%.

Gold Fields Profile

Gold Fields Limited (NYSE:GFI) is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world’s major gold-mining companies through acquisitions, partnerships and the development of its own projects.