Van ECK Associates Corp Boosts Position in Gold Fields Limited (NYSE:GFI)

Van ECK Associates Corp grew its holdings in Gold Fields Limited (NYSE:GFI) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,505,911 shares of the company’s stock after acquiring an additional 1,549,372 shares during the period. Gold Fields comprises 0.8% of Van ECK Associates Corp’s holdings, making the stock its 22nd biggest position. Van ECK Associates Corp owned about 5.42% of Gold Fields worth $744,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. lifted its position in Gold Fields by 10.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after purchasing an additional 1,090 shares during the period. Sierra Summit Advisors LLC lifted its holdings in shares of Gold Fields by 8.6% in the 2nd quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock valued at $348,000 after buying an additional 1,857 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Gold Fields by 1.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock worth $1,929,000 after buying an additional 2,300 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Gold Fields by 13.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock worth $318,000 after acquiring an additional 2,480 shares during the period. Finally, Atomi Financial Group Inc. raised its position in Gold Fields by 17.0% during the third quarter. Atomi Financial Group Inc. now owns 19,139 shares of the company’s stock valued at $294,000 after acquiring an additional 2,779 shares in the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GFI shares. Scotiabank lowered their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. Bank of America started coverage on shares of Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 price target on the stock. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.93.

Gold Fields Trading Down 1.5 %

Shares of NYSE:GFI opened at $16.23 on Friday. The business’s 50 day moving average price is $15.46 and its 200-day moving average price is $15.83. Gold Fields Limited has a 1 year low of $12.19 and a 1 year high of $18.97.

Gold Fields Cuts Dividend

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

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.