First Trust Direct Indexing L.P. Sells 1,884 Shares of Gold Fields Limited (NYSE:GFI)

First Trust Direct Indexing L.P. lowered its stake in shares of Gold Fields Limited (NYSE:GFI) by 13.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,632 shares of the company’s stock after selling 1,884 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Gold Fields were worth $179,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC bought a new stake in Gold Fields during the first quarter worth approximately $85,326,000. RWC Asset Management LLP boosted its position in Gold Fields by 10.0% during the second quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after purchasing an additional 324,885 shares during the period. Mackenzie Financial Corp boosted its position in Gold Fields by 28.7% during the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after purchasing an additional 581,730 shares during the period. National Bank of Canada FI boosted its position in shares of Gold Fields by 6.3% in the second quarter. National Bank of Canada FI now owns 1,760,789 shares of the company’s stock valued at $26,165,000 after acquiring an additional 104,145 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Gold Fields by 66.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock valued at $21,263,000 after acquiring an additional 551,210 shares during the period. Institutional investors own 26.02% of the company’s stock.

Gold Fields Stock Up 1.8 %

Shares of GFI stock opened at $16.47 on Wednesday. Gold Fields Limited has a one year low of $12.19 and a one year high of $18.97. The stock has a fifty day moving average price of $15.54 and a 200 day moving average price of $15.79.

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 paid a dividend of $0.1692 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 2.2%.

Analyst Ratings Changes

Several research firms have recently weighed in on GFI. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Scotiabank reduced their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Bank of America began coverage on Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective for the company. Finally, Investec raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $15.93.

Gold Fields 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.