Janney Montgomery Scott LLC Cuts Stake in Gold Fields Limited $GFI

Janney Montgomery Scott LLC lowered its holdings in shares of Gold Fields Limited (NYSE:GFI) by 27.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 266,266 shares of the company’s stock after selling 102,130 shares during the period. Janney Montgomery Scott LLC’s holdings in Gold Fields were worth $12,088,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in GFI. Millennium Management LLC lifted its stake in Gold Fields by 20.3% in the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after purchasing an additional 32,343 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Gold Fields by 2,152.0% during the first 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 last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Gold Fields during the first quarter valued at about $236,000. Jones Financial Companies Lllp purchased a new position in shares of Gold Fields in the first quarter worth about $268,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Gold Fields by 183.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after buying an additional 1,900 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Wall Street Analysts Forecast Growth

GFI has been the subject of several analyst reports. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and boosted their price objective for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Scotiabank dropped their price objective on 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. Finally, Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.75.

Gold Fields Trading Up 0.4%

GFI stock opened at $33.73 on Thursday. The firm’s 50-day moving average price is $39.61 and its two-hundred day moving average price is $45.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. Gold Fields Limited has a 12-month low of $23.24 and a 12-month high of $61.64.

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.