IFP Advisors Inc lifted its position in shares of Gold Fields Limited (NYSE:GFI – Free Report) by 7,457.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 492,365 shares of the company’s stock after acquiring an additional 485,850 shares during the quarter. IFP Advisors Inc owned approximately 0.06% of Gold Fields worth $21,497,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its position in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the period. Archer Investment Corp acquired a new position in Gold Fields during the 3rd quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC acquired a new position in Gold Fields during the 3rd quarter valued at about $45,000. Bayforest Capital Ltd lifted its position in Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares during the period. Finally, Westside Investment Management Inc. lifted its position in Gold Fields by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,210 shares of the company’s stock valued at $51,000 after purchasing an additional 605 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.
Gold Fields Price Performance
NYSE:GFI opened at $39.14 on Wednesday. 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 Limited has a 52-week low of $21.19 and a 52-week high of $61.64. The stock has a 50-day simple moving average of $45.36 and a 200 day simple moving average of $46.57.
Gold Fields Dividend Announcement
Analysts Set New Price Targets
A number of research analysts have issued reports on GFI shares. JPMorgan Chase & Co. upped their price objective on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Finally, Scotiabank lowered their price target 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. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.75.
Get Our Latest Stock Analysis on GFI
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.
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