IFP Advisors Inc Purchases 485,850 Shares of Gold Fields Limited $GFI

IFP Advisors Inc increased its position in shares of Gold Fields Limited (NYSE:GFI) by 7,457.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 492,365 shares of the company’s stock after buying an additional 485,850 shares during the quarter. IFP Advisors Inc’s holdings in Gold Fields were worth $21,497,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Fairtree Asset Management Pty Ltd grew its stake in Gold Fields by 30.3% in the fourth quarter. Fairtree Asset Management Pty Ltd now owns 53,704 shares of the company’s stock valued at $2,345,000 after purchasing an additional 12,496 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Gold Fields by 13.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,517 shares of the company’s stock valued at $546,000 after purchasing an additional 1,503 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Gold Fields by 0.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 55,520 shares of the company’s stock valued at $2,424,000 after purchasing an additional 320 shares in the last quarter. Gabelli Funds LLC grew its stake in Gold Fields by 4.8% in the fourth quarter. Gabelli Funds LLC now owns 392,100 shares of the company’s stock valued at $17,119,000 after purchasing an additional 18,100 shares in the last quarter. Finally, May Hill Capital LLC bought a new position in Gold Fields in the fourth quarter valued at approximately $207,000. 24.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GFI has been the subject of a number of analyst reports. Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Scotiabank cut their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Finally, Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.75.

Gold Fields Price Performance

GFI opened at $39.14 on Wednesday. Gold Fields Limited has a 12-month low of $21.19 and a 12-month high of $61.64. The business has a 50 day moving average of $45.36 and a 200-day moving average of $46.57. 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 Dividend Announcement

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

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.