Massachusetts Financial Services Co. MA Has $94.49 Million Holdings in Gold Fields Limited (NYSE:GFI)

Massachusetts Financial Services Co. MA grew its stake in Gold Fields Limited (NYSE:GFI) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,155,835 shares of the company’s stock after purchasing an additional 580,546 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.69% of Gold Fields worth $94,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Gold Fields by 3.3% in the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after acquiring an additional 1,549,372 shares during the last quarter. RWC Asset Management LLP boosted its stake in Gold Fields by 10.0% in the second quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock valued at $53,476,000 after acquiring an additional 324,885 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Gold Fields by 28.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after acquiring an additional 581,730 shares during the period. National Bank of Canada FI raised its position in shares of Gold Fields by 6.3% during the 2nd quarter. National Bank of Canada FI now owns 1,760,789 shares of the company’s stock valued at $26,165,000 after acquiring an additional 104,145 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Gold Fields by 66.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock valued at $21,263,000 after purchasing an additional 551,210 shares during the period. 26.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GFI has been the subject of a number of recent analyst reports. Scotiabank dropped their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. Bank of America initiated coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target on the stock. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.93.

Gold Fields Trading Up 1.1 %

NYSE:GFI opened at $15.24 on Friday. The business’s 50-day simple moving average is $15.81 and its 200-day simple moving average is $15.62. Gold Fields Limited has a fifty-two week low of $12.19 and a fifty-two week high of $18.97.

Gold Fields Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a $0.1692 dividend. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th.

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.