U S Global Investors Inc. Lowers Stake in Gold Fields Limited $GFI

U S Global Investors Inc. lessened its position in shares of Gold Fields Limited (NYSE:GFI) by 45.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,000 shares of the company’s stock after selling 126,638 shares during the period. U S Global Investors Inc.’s holdings in Gold Fields were worth $6,549,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GFI. Millennium Management LLC grew its position in Gold Fields by 20.3% during the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after acquiring an additional 32,343 shares during the period. NewEdge Advisors LLC lifted its stake 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 worth $50,000 after purchasing an additional 2,152 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Gold Fields during the first quarter worth about $236,000. Jones Financial Companies Lllp acquired a new position in shares of Gold Fields during the first quarter worth about $268,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Gold Fields by 183.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $43.96 on Friday. 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 fifty-two week low of $19.35 and a fifty-two week high of $61.64. The business has a 50-day moving average price of $48.84 and a 200 day moving average price of $46.27.

Gold Fields Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 19th. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Scotiabank reduced their price objective 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 shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. boosted their price target on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.