Allspring Global Investments Holdings LLC Reduces Position in Gold Fields Limited (NYSE:GFI)

Allspring Global Investments Holdings LLC trimmed its stake in Gold Fields Limited (NYSE:GFI) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 995,440 shares of the company’s stock after selling 115,560 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.11% of Gold Fields worth $14,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GFI. IFP Advisors Inc raised its stake in Gold Fields by 900.0% in the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $28,000 after purchasing an additional 1,800 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Gold Fields by 100.8% in the second quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock valued at $25,000 after buying an additional 1,376 shares during the last quarter. Money Concepts Capital Corp acquired a new position in shares of Gold Fields in the fourth quarter valued at approximately $31,000. Chiron Investment Management LLC purchased a new position in shares of Gold Fields during the first quarter valued at approximately $68,000. Finally, Bartlett & Co. LLC acquired a new stake in Gold Fields during the third quarter worth approximately $49,000. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GFI. BMO Capital Markets lowered Gold Fields from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $14.00 to $12.00 in a research note on Friday, February 2nd. UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, Scotiabank decreased their target price on shares of 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. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.67.

Gold Fields Price Performance

Gold Fields stock opened at $17.61 on Tuesday. 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 stock’s 50-day moving average is $14.91 and its 200-day moving average is $14.13.

Gold Fields (NYSE:GFI) last announced its earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.15 by $0.10. Equities research analysts anticipate that Gold Fields Limited will post 1.15 earnings per share for the current year.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.1717 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.5%.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.