Profund Advisors LLC Sells 19,881 Shares of Gold Fields Limited $GFI

Profund Advisors LLC trimmed its holdings in shares of Gold Fields Limited (NYSE:GFI) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,019 shares of the company’s stock after selling 19,881 shares during the quarter. Profund Advisors LLC’s holdings in Gold Fields were worth $4,934,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in Gold Fields by 1.6% during the third quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after buying an additional 539,923 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Gold Fields by 39.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after buying an additional 1,714,442 shares during the period. American Century Companies Inc. grew its position in Gold Fields by 24.3% during the third quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock valued at $173,584,000 after buying an additional 809,816 shares during the period. Clark Capital Management Group Inc. grew its position in Gold Fields by 1.9% during the third quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock valued at $96,424,000 after buying an additional 41,889 shares during the period. Finally, Man Group plc grew its position in Gold Fields by 59.9% during the third quarter. Man Group plc now owns 2,229,678 shares of the company’s stock valued at $93,557,000 after buying an additional 835,581 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Price Performance

GFI opened at $40.48 on Tuesday. Gold Fields Limited has a 1-year low of $20.90 and a 1-year high of $61.64. The company has a 50 day simple moving average of $45.59 and a two-hundred day simple moving average of $46.57. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Gold Fields Announces Dividend

The company also recently declared a special dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were given a $1.4419 dividend. This represents a dividend yield of 633.0%. The ex-dividend date was Friday, March 13th.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GFI. JPMorgan Chase & Co. boosted their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Scotiabank dropped their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.75.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.