Leonteq Securities AG Takes Position in Gold Fields Limited $GFI

Leonteq Securities AG bought a new stake in shares of Gold Fields Limited (NYSE:GFI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,464 shares of the company’s stock, valued at approximately $893,000.

Several other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Gold Fields by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after purchasing an additional 539,923 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Gold Fields by 39.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after purchasing an additional 1,714,442 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Gold Fields by 24.3% during the 3rd quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock valued at $173,584,000 after purchasing an additional 809,816 shares in the last quarter. Clark Capital Management Group Inc. increased its holdings in shares of Gold Fields by 1.9% during the 3rd quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock valued at $96,424,000 after purchasing an additional 41,889 shares in the last quarter. Finally, Man Group plc increased its holdings in shares of Gold Fields by 59.9% during the 3rd quarter. Man Group plc now owns 2,229,678 shares of the company’s stock valued at $93,557,000 after purchasing an additional 835,581 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and lifted their target price for the company from $40.25 to $57.25 in a report on Friday, April 24th. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Scotiabank cut their target price on shares of 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, Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $49.75.

Gold Fields Trading Down 1.4%

Gold Fields stock opened at $40.10 on Friday. The company’s fifty day moving average price is $44.89 and its 200 day moving average price is $46.60. Gold Fields Limited has a 1 year low of $21.57 and a 1 year high of $61.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

Gold Fields Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were paid a $1.4419 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a 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.