NewEdge Advisors LLC Buys 19,670 Shares of Gold Fields Limited $GFI

NewEdge Advisors LLC grew its stake in shares of Gold Fields Limited (NYSE:GFI) by 56.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 54,231 shares of the company’s stock after buying an additional 19,670 shares during the period. NewEdge Advisors LLC’s holdings in Gold Fields were worth $2,462,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Gold Fields by 43.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock valued at $10,698,000 after purchasing an additional 74,539 shares during the period. Crescent Grove Advisors LLC acquired a new stake in Gold Fields in the 1st quarter valued at about $1,795,000. Sigma Planning Corp raised its position in Gold Fields by 203.7% in the 4th quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock worth $2,419,000 after purchasing an additional 37,161 shares during the last quarter. Euro Pacific Asset Management LLC lifted its stake in shares of Gold Fields by 371.9% during the first quarter. Euro Pacific Asset Management LLC now owns 64,497 shares of the company’s stock valued at $3,117,000 after acquiring an additional 50,830 shares during the period. Finally, PKO Investment Management Joint Stock Co lifted its position in Gold Fields by 11.9% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock valued at $13,949,000 after purchasing an additional 34,000 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Ratings Changes

GFI has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada lowered their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and upped their target price for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, Scotiabank reduced their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus target price of $47.75.

Gold Fields Stock Down 2.9%

Shares of NYSE:GFI opened at $39.54 on Friday. The company’s fifty day simple moving average is $35.02 and its 200 day simple moving average is $43.13. Gold Fields Limited has a 12 month low of $29.24 and a 12 month high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

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.