Factory Mutual Insurance Co. Has $4 Million Holdings in Gold Fields Limited $GFI

Key Points

• Factory Mutual Insurance Co. reduced its stake in Gold Fields by 24.8% in Q4, selling 30,311 shares and finishing the quarter with 91,692 shares worth about $4.003 million.
• Gold Fields paid a special dividend of $1.4419 (record date Mar 13, paid Mar 26), reported in the article as a 633.0% yield.
• Wall Street is mixed on GFI: the consensus rating is Hold with a $43.88 target, based on 4 Buy, 6 Hold and 1 Sell analyst ratings.

Factory Mutual Insurance Co. lessened its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 24.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 91,692 shares of the company's stock after selling 30,311 shares during the quarter. Factory Mutual Insurance Co.'s holdings in Gold Fields were worth $4,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GFI. Millennium Management LLC increased its position in Gold Fields by 20.3% during the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company's stock valued at $4,230,000 after purchasing an additional 32,343 shares during the period. NewEdge Advisors LLC grew 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 worth $50,000 after acquiring an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Gold Fields during the 1st quarter worth about $236,000. Jones Financial Companies Lllp acquired a new stake in Gold Fields during the 1st quarter worth about $268,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Gold Fields by 183.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company's stock worth $69,000 after acquiring an additional 1,900 shares during the period. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Price Performance

Shares of GFI opened at $49.36 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The stock has a 50-day moving average of $49.89 and a 200-day moving average of $45.92. Gold Fields Limited has a one year low of $19.35 and a one year high of $61.64.

Gold Fields Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GFI shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Gold Fields in a report on Thursday, January 22nd. Morgan Stanley downgraded Gold Fields from an "equal weight" rating to an "underweight" rating in a report on Friday, January 23rd. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Saturday. Scotiabank reduced their price objective on shares of Gold Fields from $61.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, March 20th. Finally, Zacks Research downgraded shares of Gold Fields from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 31st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $43.88.

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.

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