South Street Advisors LLC Has $13.06 Million Stock Holdings in Gold Fields Limited (NYSE:GFI)

South Street Advisors LLC decreased its stake in Gold Fields Limited (NYSE:GFI) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 851,097 shares of the company’s stock after selling 19,683 shares during the period. Gold Fields accounts for about 2.0% of South Street Advisors LLC’s holdings, making the stock its 21st biggest holding. South Street Advisors LLC owned 0.10% of Gold Fields worth $13,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Concurrent Investment Advisors LLC increased its stake in shares of Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after buying an additional 850 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Gold Fields by 10.4% during the 2nd 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 in the last quarter. Sierra Summit Advisors LLC boosted its position in shares of Gold Fields by 8.6% during the 2nd quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock valued at $348,000 after purchasing an additional 1,857 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Gold Fields by 1.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock valued at $1,929,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Gold Fields by 13.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock valued at $318,000 after purchasing an additional 2,480 shares in the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GFI. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Bank of America assumed coverage on Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 target price on the stock. Finally, Scotiabank cut their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Gold Fields currently has an average rating of “Hold” and an average price target of $15.93.

Gold Fields Stock Down 0.4 %

NYSE:GFI traded down $0.06 on Friday, hitting $13.66. The stock had a trading volume of 3,098,424 shares, compared to its average volume of 3,665,944. The business’s fifty day moving average is $15.69 and its 200 day moving average is $15.67. Gold Fields Limited has a 52 week low of $12.19 and a 52 week high of $18.97.

Gold Fields Cuts Dividend

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

Gold Fields 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.