Gold Fields Limited $GFI Stock Holdings Lifted by UBS Group AG

UBS Group AG increased its holdings in Gold Fields Limited (NYSE:GFI) by 9.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 431,069 shares of the company’s stock after buying an additional 35,590 shares during the period. UBS Group AG’s holdings in Gold Fields were worth $18,820,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Millennium Management LLC lifted its holdings 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 acquiring an additional 32,343 shares during the last quarter. NewEdge Advisors LLC raised its position 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 period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gold Fields during the 1st quarter worth approximately $236,000. Jones Financial Companies Lllp bought a new stake in shares of Gold Fields in the 1st quarter worth approximately $268,000. Finally, EverSource Wealth Advisors LLC boosted its position in Gold Fields by 183.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock valued at $69,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

GFI has been the subject of a number of recent research reports. Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Scotiabank lowered their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.75.

Gold Fields Price Performance

GFI opened at $46.23 on Tuesday. The stock’s 50 day moving average price is $46.67 and its 200 day moving average price is $46.44. 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 $19.35 and a 12 month high of $61.64.

Gold Fields Dividend Announcement

The company also recently announced 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 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.