Diversify Wealth Management LLC Buys 25,034 Shares of Gold Fields Limited $GFI

Diversify Wealth Management LLC lifted its stake in shares of Gold Fields Limited (NYSE:GFI) by 43.0% during the first quarter, HoldingsChannel.com reports. The fund owned 83,217 shares of the company’s stock after buying an additional 25,034 shares during the quarter. Diversify Wealth Management LLC’s holdings in Gold Fields were worth $3,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GFI. V Square Quantitative Management LLC purchased a new position in Gold Fields during the first quarter valued at approximately $25,000. CIBC Private Wealth Group LLC increased its stake in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares in the last quarter. Bayforest Capital Ltd lifted its position in Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after acquiring an additional 996 shares during the period. Arax Advisory Partners lifted its stake in Gold Fields by 352.6% during the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after acquiring an additional 885 shares during the period. Finally, Mark Sheptoff Financial Planning LLC grew its position in Gold Fields by 24.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock worth $68,000 after purchasing an additional 300 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GFI shares. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a research report on Sunday. Scotiabank decreased their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Royal Bank Of Canada lowered their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.32.

Gold Fields Stock Performance

Gold Fields stock opened at $34.15 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a 12 month low of $23.41 and a 12 month high of $61.64. The company has a fifty day moving average price of $38.20 and a two-hundred day moving average price of $45.26.

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.