Gabelli Funds LLC Purchases 18,100 Shares of Gold Fields Limited $GFI

Gabelli Funds LLC lifted its position in Gold Fields Limited (NYSE:GFI) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 392,100 shares of the company’s stock after purchasing an additional 18,100 shares during the quarter. Gabelli Funds LLC’s holdings in Gold Fields were worth $17,119,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its holdings in shares of Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares during the period. Archer Investment Corp bought a new position in shares of Gold Fields in the third quarter worth $42,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Gold Fields in the third quarter worth $45,000. Bayforest Capital Ltd increased its holdings in shares of 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 purchasing an additional 996 shares during the period. Finally, NewEdge Advisors LLC increased its holdings 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 worth $50,000 after purchasing an additional 2,152 shares during the period. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

GFI has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Scotiabank reduced their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Finally, Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and increased their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.75.

Gold Fields Stock Performance

GFI opened at $40.48 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. Gold Fields Limited has a 52 week low of $20.90 and a 52 week high of $61.64. The business’s fifty day simple moving average is $45.59 and its 200 day simple moving average is $46.57.

Gold Fields Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were paid a $1.4419 dividend. This represents a yield of 633.0%. The ex-dividend date of this dividend was Friday, March 13th.

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.