NewEdge Advisors LLC Acquires 19,670 Shares of Gold Fields Limited $GFI

NewEdge Advisors LLC boosted its holdings in Gold Fields Limited (NYSE:GFI) by 56.9% during the first quarter, Holdings Channel reports. The fund owned 54,231 shares of the company’s stock after purchasing an additional 19,670 shares during the period. NewEdge Advisors LLC’s holdings in Gold Fields were worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new stake in Gold Fields during the 1st quarter worth 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 worth $36,000 after acquiring an additional 273 shares during the period. Bayforest Capital Ltd grew its stake in Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after buying an additional 996 shares in the last quarter. Arax Advisory Partners raised its position in Gold Fields by 352.6% during the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after purchasing an additional 885 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Gold Fields by 606.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock worth $61,000 after buying an additional 2,287 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GFI has been the topic of several recent research reports. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wall Street Zen raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Royal Bank Of Canada lowered their price target on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Scotiabank reduced their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Finally, Zacks Research cut shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Gold Fields presently has an average rating of “Hold” and an average price target of $47.75.

Gold Fields Price Performance

GFI stock opened at $39.54 on Friday. Gold Fields Limited has a fifty-two week low of $29.24 and a fifty-two week high of $61.64. The stock’s 50 day simple moving average is $35.02 and its 200 day simple moving average is $43.13. 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 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.