Ashton Thomas Private Wealth LLC Cuts Stock Position in Gold Fields Limited $GFI

Ashton Thomas Private Wealth LLC decreased its position in shares of Gold Fields Limited (NYSE:GFI) by 17.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,824 shares of the company’s stock after selling 32,526 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Gold Fields were worth $6,371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its stake 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 purchasing an additional 32,343 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after purchasing an additional 2,152 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Gold Fields during the 1st quarter worth approximately $236,000. Jones Financial Companies Lllp purchased a new stake in Gold Fields during the 1st quarter worth approximately $268,000. Finally, QRG Capital Management Inc. lifted its holdings in Gold Fields by 7.4% during the 2nd quarter. QRG Capital Management Inc. now owns 16,521 shares of the company’s stock worth $391,000 after buying an additional 1,144 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Investec downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. Scotiabank lifted their target price on Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. JPMorgan Chase & Co. upped their price target on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Citigroup increased their price target on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.00.

Gold Fields Price Performance

NYSE:GFI opened at $52.68 on Thursday. Gold Fields Limited has a 12 month low of $17.64 and a 12 month high of $61.64. The business’s fifty day moving average price is $47.09 and its 200 day moving average price is $40.07.

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.