Marshall Financial Group LLC Decreases Stock Holdings in Gold Fields Limited $GFI

Marshall Financial Group LLC lowered its stake in shares of Gold Fields Limited (NYSE:GFI) by 29.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,330 shares of the company’s stock after selling 12,895 shares during the quarter. Marshall Financial Group LLC’s holdings in Gold Fields were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Country Trust Bank purchased a new stake in shares of Gold Fields during the second quarter valued at about $26,000. CIBC Private Wealth Group LLC grew its position 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 worth $36,000 after buying an additional 273 shares during the last quarter. Archer Investment Corp purchased a new position in shares of Gold Fields in the 3rd quarter worth approximately $42,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Gold Fields during the 3rd quarter worth approximately $45,000. Finally, Allworth Financial LP lifted its position in Gold Fields by 31.8% during the second quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock valued at $48,000 after acquiring an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Down 4.1%

GFI stock opened at $39.07 on Monday. Gold Fields Limited has a 52 week low of $19.35 and a 52 week high of $61.64. The firm has a 50 day moving average of $52.11 and a 200 day moving average of $45.21.

Gold Fields Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be paid a dividend of $1.4419 per share. This represents a dividend yield of 633.0%. The ex-dividend date is Friday, March 13th.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GFI shares. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Citigroup raised their price objective on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Finally, Scotiabank reduced their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.