Sigma Planning Corp Raises Stock Position in Gold Fields Limited $GFI

Sigma Planning Corp raised its stake in shares of Gold Fields Limited (NYSE:GFI) by 203.7% during the fourth quarter, Holdings Channel reports. The firm owned 55,407 shares of the company’s stock after buying an additional 37,161 shares during the quarter. Sigma Planning Corp’s holdings in Gold Fields were worth $2,419,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Gold Fields by 43.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock valued at $10,698,000 after buying an additional 74,539 shares in the last quarter. Aprio Wealth Management LLC boosted its holdings in shares of Gold Fields by 4.3% during the 4th quarter. Aprio Wealth Management LLC now owns 13,272 shares of the company’s stock valued at $579,000 after buying an additional 547 shares in the last quarter. UBS Group AG boosted its holdings in shares of Gold Fields by 9.0% during the 4th quarter. UBS Group AG now owns 431,069 shares of the company’s stock valued at $18,820,000 after buying an additional 35,590 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Gold Fields during the 4th quarter valued at $4,907,000. Finally, OLD National Bancorp IN bought a new stake in shares of Gold Fields during the 4th quarter valued at $215,000. Institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Down 1.1%

Shares of Gold Fields stock opened at $42.02 on Friday. The firm’s 50-day moving average is $47.88 and its 200 day moving average is $46.35. Gold Fields Limited has a 1 year low of $19.35 and a 1 year 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.

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%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Scotiabank dropped their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.25 to $57.25 in a report on Friday, April 24th. Finally, Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average 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.