RFG Advisory LLC Has $1.17 Million Position in Gold Fields Limited $GFI

RFG Advisory LLC reduced its holdings in shares of Gold Fields Limited (NYSE:GFI) by 40.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,677 shares of the company’s stock after selling 17,811 shares during the quarter. RFG Advisory LLC’s holdings in Gold Fields were worth $1,165,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GFI. CIBC Private Wealth Group LLC grew its stake in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after buying an additional 273 shares during the period. Archer Investment Corp acquired a new stake in shares of Gold Fields in the 3rd quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Gold Fields in the 3rd quarter valued at about $45,000. Bayforest Capital Ltd grew its stake in shares of Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after buying an additional 996 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after buying an additional 2,152 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GFI has been the subject of several research reports. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised their target price on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Five investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.75.

Gold Fields Trading Down 0.1%

GFI stock opened at $44.87 on Friday. 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 $19.35 and a 52-week high of $61.64. The business has a 50-day simple moving average of $47.18 and a two-hundred day simple moving average of $46.38.

Gold Fields Announces Dividend

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

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.