Ritholtz Wealth Management Buys 16,641 Shares of Gold Fields Limited $GFI

Ritholtz Wealth Management lifted its stake in shares of Gold Fields Limited (NYSE:GFI) by 37.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,707 shares of the company’s stock after purchasing an additional 16,641 shares during the period. Ritholtz Wealth Management’s holdings in Gold Fields were worth $2,650,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GFI. CIBC Private Wealth Group LLC increased its holdings in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the last quarter. Archer Investment Corp acquired a new position in shares of Gold Fields during the 3rd quarter worth approximately $42,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Gold Fields during the 3rd quarter worth approximately $45,000. NewEdge Advisors LLC increased its holdings in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after acquiring an additional 2,152 shares during the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Gold Fields by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,210 shares of the company’s stock worth $51,000 after acquiring an additional 605 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Up 0.0%

Shares of NYSE GFI opened at $49.36 on Monday. 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 stock’s fifty day moving average price is $49.89 and its two-hundred day moving average price is $45.96. Gold Fields Limited has a one year low of $19.35 and a one year high of $61.64.

Gold Fields Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were issued a $1.4419 dividend. This represents a yield of 633.0%. The ex-dividend date of this dividend was Friday, March 13th.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. boosted their target price on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Finally, Scotiabank decreased their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and an average target price of $43.88.

Gold Fields Company Profile

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.