Ashton Thomas Private Wealth LLC Trims Stake in Gold Fields Limited $GFI

Key Points

• Ashton Thomas Private Wealth LLC cut its stake in Gold Fields by 93.3% in Q4, selling 141,616 shares and leaving 10,208 shares worth $446,000.
• Gold Fields paid a special dividend of $1.4419 (record date Mar 13, paid Mar 26), which the article reports as a 633.0% yield.
• Analyst coverage is mixed with a consensus rating of "Hold" and an average target price of $49.75; the stock opened near $42 and has a 52‑week range of $19.35–$61.64.

Ashton Thomas Private Wealth LLC reduced its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 93.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,208 shares of the company's stock after selling 141,616 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Gold Fields were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GFI. CIBC Private Wealth Group LLC raised its stake in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock valued at $36,000 after acquiring an additional 273 shares during the last quarter. Archer Investment Corp purchased a new position in shares of Gold Fields during the third quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Gold Fields in the third quarter worth about $45,000. Bayforest Capital Ltd grew 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 purchasing an additional 996 shares during the period. Finally, Westside Investment Management Inc. grew its holdings in Gold Fields by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,210 shares of the company's stock worth $51,000 after purchasing an additional 605 shares during the period. 24.81% of the stock is owned by institutional investors.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $42.02 on Friday. The firm's 50 day moving average price is $47.88 and its 200-day moving average price is $46.34. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a 52-week low of $19.35 and a 52-week high of $61.64.

Gold Fields Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were paid a $1.4419 dividend. This represents a dividend yield of 633.0%. The ex-dividend date was Friday, March 13th.

Analyst Ratings Changes

Several research analysts have recently issued reports on GFI shares. JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a "buy (b)" rating on shares of Gold Fields in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 27th. Canaccord Genuity Group upgraded shares of Gold Fields from a "hold" rating to a "buy" rating and raised their price objective for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Finally, Morgan Stanley cut shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $49.75.

About Gold Fields

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.

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