Rakuten Securities Inc. Boosts Stake in Gold Fields Limited (NYSE:GFI)

Rakuten Securities Inc. lifted its holdings in shares of Gold Fields Limited (NYSE:GFI) by 90.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,562 shares of the company’s stock after purchasing an additional 7,879 shares during the quarter. Rakuten Securities Inc.’s holdings in Gold Fields were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC lifted its position in 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 last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Gold Fields by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after acquiring an additional 1,090 shares during the last quarter. 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 worth $348,000 after acquiring an additional 1,857 shares during 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 worth $1,929,000 after purchasing an additional 2,300 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Gold Fields by 13.2% in 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 during the last quarter. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Gold Fields Stock Down 8.4 %

GFI stock opened at $14.47 on Tuesday. The business’s 50-day moving average is $15.66 and its two-hundred day moving average is $15.77. Gold Fields Limited has a 1 year low of $12.19 and a 1 year high of $18.97.

Gold Fields Cuts Dividend

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

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.