Clark Capital Management Group Inc. Has $52.14 Million Stake in Gold Fields Limited $GFI

Clark Capital Management Group Inc. lowered its position in Gold Fields Limited (NYSE:GFI) by 48.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,194,172 shares of the company’s stock after selling 1,103,834 shares during the period. Clark Capital Management Group Inc.’s holdings in Gold Fields were worth $52,138,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its holdings in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after buying an additional 273 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Gold Fields in the third quarter worth approximately $45,000. Bayforest Capital Ltd increased its holdings in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after buying an additional 996 shares during the last quarter. Arax Advisory Partners increased its holdings in Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after buying an additional 885 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after buying an additional 2,152 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

GFI has been the topic of several analyst reports. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the company from $40.25 to $57.25 in a report on Friday, April 24th. Scotiabank lowered their price target on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.75.

Gold Fields Price Performance

GFI opened at $39.61 on Wednesday. Gold Fields Limited has a 1-year low of $22.40 and a 1-year high of $61.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The business has a 50 day moving average of $42.59 and a 200-day moving average of $46.37.

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.