Massachusetts Financial Services Co. MA Has $110.37 Million Stock Position in Gold Fields Limited $GFI

Massachusetts Financial Services Co. MA cut its stake in shares of Gold Fields Limited (NYSE:GFI) by 18.1% in the 4th quarter, HoldingsChannel reports. The fund owned 2,527,832 shares of the company’s stock after selling 559,558 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Gold Fields were worth $110,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GFI. Millennium Management LLC lifted 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 worth $4,230,000 after acquiring an additional 32,343 shares during the last quarter. NewEdge Advisors LLC lifted its position in 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 acquiring an additional 2,152 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Gold Fields during the first quarter worth approximately $236,000. Jones Financial Companies Lllp acquired a new stake in Gold Fields during the first quarter worth approximately $268,000. Finally, EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 1,900 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GFI shares. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Zacks Research downgraded shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.88.

Gold Fields Stock Down 1.0%

Shares of GFI opened at $48.87 on Tuesday. Gold Fields Limited has a 12 month low of $19.35 and a 12 month high of $61.64. The firm’s 50 day moving average is $49.87 and its 200-day moving average is $46.02. The company has a quick ratio of 1.33, a current ratio of 1.79 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 dividend of $1.4419 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a dividend yield of 633.0%.

Gold Fields 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.