Metis Global Partners LLC Buys 14,352 Shares of Gold Fields Limited (NYSE:GFI)

Metis Global Partners LLC boosted its stake in Gold Fields Limited (NYSE:GFI) by 49.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,238 shares of the company’s stock after acquiring an additional 14,352 shares during the quarter. Metis Global Partners LLC’s holdings in Gold Fields were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GFI. Rakuten Securities Inc. lifted its holdings in shares of Gold Fields by 90.7% in the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock valued at $254,000 after purchasing an additional 7,879 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Gold Fields in the 3rd quarter valued at approximately $1,052,000. Concurrent Investment Advisors LLC lifted its stake in Gold Fields by 8.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after acquiring an additional 850 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Gold Fields during the 3rd quarter worth approximately $160,000. Finally, Van ECK Associates Corp grew its stake in shares of Gold Fields by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock worth $744,566,000 after acquiring an additional 1,549,372 shares in the last quarter. 26.02% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Performance

NYSE:GFI opened at $13.66 on Monday. Gold Fields Limited has a 12-month low of $12.19 and a 12-month high of $18.97. The stock’s 50 day moving average price is $15.69 and its two-hundred day moving average price is $15.67.

Gold Fields Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GFI. Bank of America began coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective on the stock. 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 report on Monday, August 26th. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.93.

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.