Ashton Thomas Private Wealth LLC Has $6.82 Million Stake in Gold Fields Limited $GFI

Key Points

• Ashton Thomas Private Wealth LLC reduced its stake in Gold Fields Limited by 18.1% in Q1, now holding 308,779 shares worth approximately $6.82 million.
• Gold Fields recently declared a semi-annual dividend of $0.3993, increasing from the previous dividend of $0.38, yielding 130.0%.
• Analysts have mixed ratings for Gold Fields stock, with a consensus rating of "Hold" and a price target around $25.11.

Ashton Thomas Private Wealth LLC decreased its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 18.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 308,779 shares of the company's stock after selling 68,403 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Gold Fields were worth $6,821,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of GFI. Richardson Financial Services Inc. acquired a new stake in Gold Fields in the first quarter worth about $26,000. Banque Cantonale Vaudoise acquired a new stake in Gold Fields in the first quarter worth about $44,000. SVB Wealth LLC acquired a new stake in Gold Fields in the first quarter worth about $48,000. NewEdge Advisors LLC lifted 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 purchasing an additional 2,152 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares during the period. Institutional investors and hedge funds own 24.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Capital One Financial set a $32.00 price objective on shares of Gold Fields in a report on Friday, August 22nd. Canaccord Genuity Group initiated coverage on Gold Fields in a report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective on the stock. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday, September 1st. Finally, BMO Capital Markets boosted their price objective on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, August 25th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $25.11.

Gold Fields Trading Down 1.0%

NYSE GFI traded down $0.39 on Friday, hitting $37.63. 3,569,760 shares of the company were exchanged, compared to its average volume of 3,118,288. The firm has a market capitalization of $33.68 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 0.41 and a beta of 0.47. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $38.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.89 and a quick ratio of 0.73. The company's 50 day moving average price is $29.30 and its 200-day moving average price is $24.77.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 12th will be issued a $0.3993 dividend. The ex-dividend date is Friday, September 12th. This represents a dividend yield of 130.0%. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. Gold Fields's dividend payout ratio is currently 26.81%.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.