HighTower Advisors LLC Has $4.55 Million Stock Holdings in Gold Fields Limited $GFI

HighTower Advisors LLC decreased its holdings in Gold Fields Limited (NYSE:GFI) by 23.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,259 shares of the company’s stock after selling 31,483 shares during the quarter. HighTower Advisors LLC’s holdings in Gold Fields were worth $4,552,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GFI. Scotiabank dropped 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. 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. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. Finally, Zacks Research cut shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Five 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. Based on data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and an average price target of $49.75.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $40.26 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $44.06 and its 200 day moving average is $46.68. Gold Fields Limited has a 1 year low of $22.39 and a 1 year high of $61.64.

Gold Fields Announces Dividend

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

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.