South Street Advisors LLC Has $28.52 Million Stake in Gold Fields Limited $GFI

South Street Advisors LLC reduced its position in shares of Gold Fields Limited (NYSE:GFI) by 7.7% in the 4th quarter, HoldingsChannel reports. The firm owned 653,232 shares of the company’s stock after selling 54,780 shares during the period. Gold Fields accounts for about 4.0% of South Street Advisors LLC’s investment portfolio, making the stock its 7th largest holding. South Street Advisors LLC’s holdings in Gold Fields were worth $28,520,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the last quarter. Archer Investment Corp bought a new position in Gold Fields during the 3rd quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC bought a new position in Gold Fields during the 3rd quarter valued at about $45,000. Bayforest Capital Ltd lifted its holdings in Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after purchasing an additional 2,152 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Gold Fields Price Performance

Shares of NYSE GFI opened at $40.26 on Friday. Gold Fields Limited has a 1-year low of $22.39 and a 1-year high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $44.06 and a two-hundred day moving average of $46.68.

Gold Fields Announces Dividend

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

Analysts Set New Price Targets

GFI has been the subject of several analyst reports. Scotiabank cut 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 report on Friday, March 20th. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Canaccord Genuity Group raised shares of 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 research note on Friday, April 24th. Finally, Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Five equities research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.75.

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.