Dorsey Wright & Associates Has $4.30 Million Stock Holdings in Gold Fields Limited $GFI

Dorsey Wright & Associates boosted its position in shares of Gold Fields Limited (NYSE:GFI) by 39.1% in the first quarter, Holdings Channel.com reports. The firm owned 94,803 shares of the company’s stock after purchasing an additional 26,667 shares during the period. Dorsey Wright & Associates’ holdings in Gold Fields were worth $4,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Gold Fields in the first quarter worth approximately $25,000. CIBC Private Wealth Group LLC lifted its stake in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the last quarter. Bayforest Capital Ltd grew its position in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after acquiring an additional 996 shares in the last quarter. Arax Advisory Partners grew its position in Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after acquiring an additional 885 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

GFI opened at $32.00 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $37.08 and its two-hundred day moving average price is $44.80. Gold Fields Limited has a fifty-two week low of $23.86 and a fifty-two week high of $61.64.

Analyst Ratings Changes

Several equities analysts have weighed in on GFI shares. Royal Bank Of Canada cut their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Scotiabank lowered their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday. Wall Street Zen downgraded Gold Fields from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and boosted their target price for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Finally, Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus price target of $47.75.

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.