Ritholtz Wealth Management Raises Stake in Gold Fields Limited $GFI

Ritholtz Wealth Management boosted its stake in Gold Fields Limited (NYSE:GFI) by 28.9% in the 1st quarter, Holdings Channel reports. The firm owned 78,244 shares of the company’s stock after acquiring an additional 17,537 shares during the quarter. Ritholtz Wealth Management’s holdings in Gold Fields were worth $3,552,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of Gold Fields by 20.3% during the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after buying an additional 32,343 shares during the period. NewEdge Advisors LLC boosted its position in shares of Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after acquiring an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Gold Fields during the first quarter valued at approximately $236,000. Jones Financial Companies Lllp purchased a new position in Gold Fields during the first quarter valued at approximately $268,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Gold Fields by 183.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after acquiring 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

Several research firms have issued reports on GFI. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and increased their target price for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. 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, Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.75.

Gold Fields Price Performance

GFI stock opened at $32.77 on Friday. The company’s 50 day moving average is $40.80 and its 200 day moving average is $46.04. 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 1-year low of $22.40 and a 1-year high of $61.64.

About Gold Fields

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.