Gold Fields Limited (NYSE:GFI) Shares Sold by Channing Global Advisors LLC

Channing Global Advisors LLC lowered its holdings in shares of Gold Fields Limited (NYSE:GFI) by 30.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,821 shares of the company’s stock after selling 30,375 shares during the period. Channing Global Advisors LLC’s holdings in Gold Fields were worth $1,024,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. U S Global Investors Inc. raised its stake in shares of Gold Fields by 3.8% in the 3rd quarter. U S Global Investors Inc. now owns 357,209 shares of the company’s stock worth $3,879,000 after buying an additional 12,923 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Gold Fields by 7.6% during the third quarter. Ballentine Partners LLC now owns 11,675 shares of the company’s stock worth $127,000 after purchasing an additional 821 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Gold Fields by 8.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 771,197 shares of the company’s stock worth $8,375,000 after purchasing an additional 63,191 shares during the period. Bank of New York Mellon Corp raised its position in shares of Gold Fields by 2.7% during the third 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. Finally, Mackenzie Financial Corp raised its position in shares of Gold Fields by 0.9% during the third quarter. Mackenzie Financial Corp now owns 5,015,942 shares of the company’s stock worth $53,921,000 after purchasing an additional 43,666 shares during the period. Institutional investors own 26.02% of the company’s stock.

Gold Fields Price Performance

Shares of GFI stock traded up $0.02 on Friday, reaching $17.42. 1,430,223 shares of the company’s stock traded hands, compared to its average volume of 4,541,160. Gold Fields Limited has a 12-month low of $10.31 and a 12-month high of $18.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. The business’s 50 day moving average price is $15.50 and its two-hundred day moving average price is $14.45.

Gold Fields (NYSE:GFI) last issued its earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. Research analysts forecast that Gold Fields Limited will post 1.53 EPS for the current year.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders 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 an increase from Gold Fields’s previous semi-annual dividend of $0.17.

Wall Street Analyst Weigh In

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

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.