Gold Fields Limited $GFI Shares Sold by IFP Advisors Inc

IFP Advisors Inc lowered its stake in Gold Fields Limited (NYSE:GFI) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,193 shares of the company’s stock after selling 13,924 shares during the period. IFP Advisors Inc’s holdings in Gold Fields were worth $4,843,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new stake in shares of Gold Fields during the 1st quarter worth $25,000. CIBC Private Wealth Group LLC raised its position in shares of Gold Fields by 47.1% during 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. Arax Advisory Partners raised its position in shares of Gold Fields by 352.6% during the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after purchasing an additional 885 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Gold Fields by 2,152.0% during the first 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. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Gold Fields by 606.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock valued at $61,000 after purchasing an additional 2,287 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Performance

NYSE:GFI opened at $45.60 on Friday. Gold Fields Limited has a fifty-two week low of $31.11 and a fifty-two week high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average is $39.13 and its two-hundred day moving average is $41.97.

Gold Fields Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be given a dividend of $1.0144 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a yield of 445.0%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GFI. JPMorgan Chase & Co. decreased their price target on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Scotiabank reduced their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Wall Street Zen cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Royal Bank Of Canada decreased their target price 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. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.05.

Gold Fields Company Profile

Gold Fields Limited is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and other gold-bearing products for refining and sale. Its portfolio also includes limited by-product production, such as copper and silver, at certain operations.

Gold Fields operates mines and development projects across Africa, Australia and the Americas. Its assets include the South Deep mine in South Africa; Tarkwa and the Damang complex in Ghana; St Ives, Agnew and Granny Smith in Western Australia; Cerro Corona in Peru; and Salares Norte in Chile.