Gold Fields Limited $GFI Shares Sold by IFP Advisors Inc

Key Points

• IFP Advisors cut its Gold Fields stake by 97.6% in the third quarter, selling 140,693 shares and retaining 3,500 shares valued at approximately $126,000. Institutional investors collectively own 24.81% of the company.
• Gold Fields shares opened at $36.20, compared with a 52-week range of $31.11 to $61.64. The company recently paid a dividend of $1.0144 per share, although the article’s reported 450% yield appears inconsistent with the stock price.
• Analyst sentiment is mixed: six analysts rate the stock Buy, two Hold and two Sell. The overall rating is Hold, with an average price target of $52.46.

IFP Advisors Inc decreased its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 97.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the company's stock after selling 140,693 shares during the period. IFP Advisors Inc's holdings in Gold Fields were worth $126,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in Gold Fields in the first quarter valued at $25,000. Rockefeller Capital Management L.P. boosted its position in shares of Gold Fields by 1,604.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company's stock worth $92,000 after purchasing an additional 1,973 shares in the last quarter. Strategic Investment Advisors MI bought a new position in shares of Gold Fields during the 1st quarter worth about $118,000. Allworth Financial LP boosted its position in shares of Gold Fields by 11.8% during the 2nd quarter. Allworth Financial LP now owns 2,631 shares of the company's stock worth $88,000 after purchasing an additional 277 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Gold Fields by 12.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,324 shares of the company's stock valued at $151,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Stock Up 1.3%

Shares of GFI stock opened at $36.20 on Thursday. Gold Fields Limited has a 52-week low of $31.11 and a 52-week high of $61.64. The company has a 50-day simple moving average of $40.80 and a two-hundred day simple moving average of $42.87.

Gold Fields Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were given a dividend of $1.0144 per share. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend was Friday, September 11th.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Scotiabank lowered their target price on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 14th. RBC Dominion Securities set a $54.00 target price on Gold Fields and gave the stock an "outperform" rating in a report on Thursday, October 22nd. Zacks Research downgraded shares of Gold Fields from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 21st. Royal Bank Of Canada boosted their price target on shares of Gold Fields from $49.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. Finally, The Goldman Sachs Group started coverage on shares of Gold Fields in a report on Thursday, October 15th. They set a "neutral" rating and a $38.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Gold Fields presently has an average rating of "Hold" and an average price target of $52.46.

About Gold Fields

Gold Fields Limited NYSE: GFI is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world's major gold-mining companies through acquisitions, partnerships and the development of its own projects.

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