Metis Global Partners LLC Has $664,000 Holdings in Gold Fields Limited (NYSE:GFI)

Metis Global Partners LLC lifted its stake in shares of Gold Fields Limited (NYSE:GFI) by 49.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,238 shares of the company’s stock after purchasing an additional 14,352 shares during the period. Metis Global Partners LLC’s holdings in Gold Fields were worth $664,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GFI. LGT Fund Management Co Ltd. bought a new position in Gold Fields in the 2nd quarter worth approximately $149,000. Concurrent Investment Advisors LLC acquired a new position in shares of Gold Fields during the second quarter valued at $153,000. QRG Capital Management Inc. bought a new position in Gold Fields in the third quarter valued at about $160,000. Hennion & Walsh Asset Management Inc. increased its position in Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after purchasing an additional 1,090 shares during the period. Finally, Candriam S.C.A. bought a new stake in Gold Fields during the 2nd quarter worth about $189,000. 26.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GFI has been the topic of several recent research reports. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Bank of America assumed coverage on shares of Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 target price for the company. Scotiabank decreased their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Finally, StockNews.com downgraded 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.93.

Gold Fields Price Performance

Shares of NYSE GFI opened at $13.66 on Monday. Gold Fields Limited has a twelve month low of $12.19 and a twelve month high of $18.97. The company’s fifty day moving average is $15.69 and its 200-day moving average is $15.67.

Gold Fields Cuts Dividend

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

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.