UBS Group AG increased its position in shares of Gold Fields Limited (NYSE:GFI – Free Report) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 431,069 shares of the company’s stock after acquiring an additional 35,590 shares during the period. UBS Group AG’s holdings in Gold Fields were worth $18,820,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans bought a new stake in shares of Gold Fields in the 3rd quarter worth approximately $4,314,000. Summit Global Investments lifted its stake in Gold Fields by 91.9% during the third quarter. Summit Global Investments now owns 46,205 shares of the company’s stock valued at $1,939,000 after purchasing an additional 22,133 shares during the last quarter. Cibc World Market Inc. boosted its holdings in Gold Fields by 1,180.0% during the third quarter. Cibc World Market Inc. now owns 159,101 shares of the company’s stock worth $6,676,000 after buying an additional 146,671 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in Gold Fields in the third quarter worth approximately $1,889,000. Finally, TD Waterhouse Canada Inc. grew its position in 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 buying an additional 44,306 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Scotiabank reduced their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Finally, Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.75.
Gold Fields Stock Performance
Gold Fields stock 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 Dividend Announcement
The firm also recently declared a special dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 13th were issued a dividend of $1.4419 per share. The ex-dividend date was Friday, March 13th. This represents a dividend yield of 633.0%.
About Gold Fields
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.
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