Janney Montgomery Scott LLC Sells 102,130 Shares of Gold Fields Limited $GFI

Janney Montgomery Scott LLC lessened its holdings in Gold Fields Limited (NYSE:GFI) by 27.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 266,266 shares of the company’s stock after selling 102,130 shares during the period. Janney Montgomery Scott LLC’s holdings in Gold Fields were worth $12,088,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in Gold Fields by 20.3% in the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after acquiring an additional 32,343 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after acquiring an additional 2,152 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Gold Fields during the first quarter worth about $236,000. Jones Financial Companies Lllp purchased a new position in shares of Gold Fields during the first quarter worth about $268,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Gold Fields by 183.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $33.73 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $39.61 and its 200-day moving average price is $45.77. Gold Fields Limited has a 12 month low of $23.24 and a 12 month high of $61.64.

Analyst Ratings Changes

A number of brokerages recently weighed in on GFI. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Scotiabank decreased their price target 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. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Gold Fields presently has an average rating of “Hold” and a consensus target price 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.