Novem Group Sells 10,678 Shares of Gold Fields Limited $GFI

Novem Group trimmed its position in shares of Gold Fields Limited (NYSE:GFI) by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,362 shares of the company’s stock after selling 10,678 shares during the period. Novem Group’s holdings in Gold Fields were worth $1,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in Gold Fields by 1.6% during the third quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after acquiring an additional 539,923 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Gold Fields by 39.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after acquiring an additional 1,714,442 shares during the period. American Century Companies Inc. increased its stake in Gold Fields by 24.3% during the third quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock valued at $173,584,000 after acquiring an additional 809,816 shares during the period. Clark Capital Management Group Inc. increased its stake in Gold Fields by 1.9% during the third quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock valued at $96,424,000 after acquiring an additional 41,889 shares during the period. Finally, Man Group plc increased its stake in Gold Fields by 59.9% during the third quarter. Man Group plc now owns 2,229,678 shares of the company’s stock valued at $93,557,000 after acquiring an additional 835,581 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GFI shares. Zacks Research lowered Gold Fields from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price target on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Gold Fields presently has a consensus rating of “Hold” and a consensus price target of $47.14.

Gold Fields Stock Down 2.3%

GFI stock opened at $48.82 on Tuesday. Gold Fields Limited has a 1-year low of $19.35 and a 1-year high of $61.64. The business’s 50 day moving average is $49.45 and its 200-day moving average is $46.27. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Gold Fields Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 13th were issued a $1.4419 dividend. This represents a dividend 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.