Massachusetts Financial Services Co. MA Sells 559,558 Shares of Gold Fields Limited $GFI

Massachusetts Financial Services Co. MA lessened its position in shares of Gold Fields Limited (NYSE:GFI) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,527,832 shares of the company’s stock after selling 559,558 shares during the period. Massachusetts Financial Services Co. MA owned about 0.28% of Gold Fields worth $110,365,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GFI. CIBC Private Wealth Group LLC boosted its stake 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 buying 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 about $42,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Gold Fields during the 3rd quarter worth about $45,000. Westside Investment Management Inc. boosted its stake 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 buying an additional 605 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its stake in shares of Gold Fields by 65.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,988 shares of the company’s stock worth $83,000 after buying an additional 783 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GFI. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Scotiabank reduced their price objective on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, March 20th. Zacks Research downgraded shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. JPMorgan Chase & Co. increased their price objective 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, Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.88.

Gold Fields Stock Down 1.0%

Shares of NYSE:GFI opened at $48.87 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 50-day simple moving average of $49.87 and a 200 day simple moving average of $46.02. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Gold Fields Announces Dividend

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

Gold Fields 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.