RWC Asset Advisors US LLC Has $31.86 Million Position in Gold Fields Limited $GFI

RWC Asset Advisors US LLC lowered its position in Gold Fields Limited (NYSE:GFI) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 948,432 shares of the company’s stock after selling 115,961 shares during the quarter. Gold Fields accounts for approximately 7.1% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 6th largest position. RWC Asset Advisors US LLC’s holdings in Gold Fields were worth $31,858,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in Gold Fields in the first quarter valued at $25,000. CIBC Private Wealth Group LLC raised its position in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the last quarter. Arax Advisory Partners lifted its stake in shares of Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after acquiring an additional 885 shares during the period. Mark Sheptoff Financial Planning LLC boosted its holdings in Gold Fields by 24.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after acquiring an additional 300 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Gold Fields by 1,604.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company’s stock valued at $92,000 after purchasing an additional 1,973 shares during the period. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada dropped their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Wall Street Zen cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gold Fields in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.05.

Gold Fields Trading Up 0.0%

GFI stock opened at $47.41 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.33. The stock’s fifty day simple moving average is $38.38 and its two-hundred day simple moving average is $42.11. Gold Fields Limited has a 1-year low of $31.11 and a 1-year high of $61.64.

Gold Fields Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be issued a $1.0144 dividend. This represents a dividend yield of 421.0%. The ex-dividend date of this dividend is Friday, September 11th.

Gold Fields Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.