Dimensional Fund Advisors LP Sells 1,779,980 Shares of Gold Fields Limited (NYSE:GFI)

Dimensional Fund Advisors LP lowered its stake in shares of Gold Fields Limited (NYSE:GFI) by 20.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,073,594 shares of the company’s stock after selling 1,779,980 shares during the quarter. Dimensional Fund Advisors LP owned 0.79% of Gold Fields worth $102,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Gold Fields by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 92,309 shares of the company’s stock worth $1,002,000 after purchasing an additional 2,459 shares during the period. Panagora Asset Management Inc. lifted its stake in Gold Fields by 7.8% in the third quarter. Panagora Asset Management Inc. now owns 26,429 shares of the company’s stock worth $287,000 after purchasing an additional 1,911 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Gold Fields by 2.9% during the third quarter. Victory Capital Management Inc. now owns 2,066,014 shares of the company’s stock valued at $22,437,000 after buying an additional 57,556 shares during the period. Capital Wealth Planning LLC grew its stake in shares of Gold Fields by 208.9% during the third quarter. Capital Wealth Planning LLC now owns 74,124 shares of the company’s stock valued at $805,000 after buying an additional 50,124 shares during the last quarter. Finally, Donoghue Forlines LLC raised its holdings in shares of Gold Fields by 27.5% in the third quarter. Donoghue Forlines LLC now owns 31,984 shares of the company’s stock worth $347,000 after buying an additional 6,892 shares during the period. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Gold Fields Stock Down 1.5 %

GFI stock opened at $16.55 on Wednesday. Gold Fields Limited has a 52-week low of $10.31 and a 52-week high of $18.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.70. The company’s 50-day simple moving average is $16.47 and its 200-day simple moving average is $14.86.

Gold Fields (NYSE:GFI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. As a group, equities analysts predict that Gold Fields Limited will post 1.4 earnings per share for the current year.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.1717 dividend. The ex-dividend date was Thursday, March 14th. This represents a yield of 2.5%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17.

Analyst Ratings Changes

A number of analysts have recently issued reports on GFI shares. BMO Capital Markets lowered shares of Gold Fields from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $14.00 to $12.00 in a research note on Friday, February 2nd. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Scotiabank decreased their price target on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a research note on Monday, February 26th. Finally, UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Gold Fields currently has a consensus rating of “Hold” and a consensus price target of $13.67.

About Gold Fields

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.