Ashton Thomas Private Wealth LLC Cuts Holdings 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 trimmed its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 18.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,779 shares of the company's stock after selling 68,403 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Gold Fields were worth $6,821,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Richardson Financial Services Inc. acquired a new stake in shares of Gold Fields in the 1st quarter worth approximately $26,000. Banque Cantonale Vaudoise purchased a new position in Gold Fields during the 1st quarter valued at about $44,000. SVB Wealth LLC purchased a new position in Gold Fields during the 1st quarter valued at about $48,000. NewEdge Advisors LLC increased its holdings in 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 in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after acquiring an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Stock Up 2.9%

GFI opened at $34.38 on Monday. The firm has a 50 day moving average price of $28.02 and a 200 day moving average price of $24.19. The company has a market cap of $30.77 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.37 and a beta of 0.47. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $35.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.89.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 12th will be issued a $0.3993 dividend. The ex-dividend date is Friday, September 12th. This is a positive change from Gold Fields's previous semi-annual dividend of $0.38. This represents a yield of 130.0%. Gold Fields's payout ratio is 26.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GFI shares. Canaccord Genuity Group started coverage on shares of Gold Fields in a research note on Monday, July 28th. They set a "buy" rating and a $33.00 price target on the stock. BMO Capital Markets raised their price target on shares of Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, August 25th. Capital One Financial set a $32.00 price target on shares of Gold Fields in a research note on Friday, August 22nd. Finally, Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 1st. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.11.

Gold Fields Company Profile

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.

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