First Eagle Investment Management LLC Lowers Holdings in Gold Fields Limited $GFI

First Eagle Investment Management LLC lessened its stake in Gold Fields Limited (NYSE:GFIFree Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,538,081 shares of the company’s stock after selling 48,840 shares during the quarter. First Eagle Investment Management LLC’s holdings in Gold Fields were worth $154,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in Gold Fields during the 3rd quarter valued at about $4,314,000. Summit Global Investments grew its stake in shares of Gold Fields by 91.9% in the third quarter. Summit Global Investments now owns 46,205 shares of the company’s stock worth $1,939,000 after acquiring an additional 22,133 shares during the period. Cibc World Market Inc. grew its stake in shares of Gold Fields by 1,180.0% in the third quarter. Cibc World Market Inc. now owns 159,101 shares of the company’s stock worth $6,676,000 after acquiring an additional 146,671 shares during the period. AdvisorShares Investments LLC bought a new stake in shares of Gold Fields in the third quarter worth approximately $1,889,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Gold Fields by 49.5% in the third quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company’s stock worth $5,616,000 after acquiring an additional 44,306 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GFI shares. Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus price target of $49.75.

View Our Latest Research Report on GFI

Gold Fields Trading Up 3.1%

NYSE GFI opened at $46.23 on Tuesday. Gold Fields Limited has a 52 week low of $19.35 and a 52 week high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $46.67 and a 200-day moving average price of $46.44.

Gold Fields Announces Dividend

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

Gold Fields Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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