Havemeyer Place LP Makes New Investment in Gold Fields Limited $GFI

Havemeyer Place LP acquired a new position in Gold Fields Limited (NYSE:GFI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,643 shares of the company’s stock, valued at approximately $727,000.

Several other institutional investors and hedge funds have also bought and sold shares of GFI. Millennium Management LLC lifted its holdings in Gold Fields by 20.3% in the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after buying an additional 32,343 shares during the period. NewEdge Advisors LLC lifted its holdings in Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after buying an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Gold Fields in the 1st quarter valued at approximately $236,000. Jones Financial Companies Lllp purchased a new position in shares of Gold Fields in the 1st quarter valued at approximately $268,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Gold Fields by 183.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock valued at $69,000 after purchasing an additional 1,900 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Scotiabank lowered their target price 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. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and an average target price of $49.75.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $35.88 on Tuesday. The stock has a fifty day simple moving average of $43.64 and a two-hundred day simple moving average of $46.52. Gold Fields Limited has a 12-month low of $22.40 and a 12-month high of $61.64. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

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.