Merk Investments LLC Sells 250,000 Shares of Gold Fields Limited $GFI

Key Points

• Merk Investments cut its stake in Gold Fields by 50%, selling 250,000 shares in Q3 and now holds 250,000 shares valued at about $10.49 million, representing roughly 3.2% of its portfolio and its 8th largest holding.
• Special dividend: Gold Fields announced a one‑time dividend of $1.4419 per share payable March 26 with record (and ex‑dividend) date March 13, a payout the article cites as a 633.0% yield.
• Analyst view and price action: Wall Street consensus is a "Hold" with a $44 average target amid mixed recent ratings (e.g., Citi raised its target to $57 while Morgan Stanley downgraded to underweight), and GFI was trading near $47.32, up 3.9%, with a 52‑week range of $19.35–$61.64.

Merk Investments LLC decreased its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 50.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the company's stock after selling 250,000 shares during the period. Gold Fields accounts for about 3.2% of Merk Investments LLC's investment portfolio, making the stock its 8th largest holding. Merk Investments LLC's holdings in Gold Fields were worth $10,490,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Country Trust Bank bought a new stake in shares of Gold Fields in the 2nd quarter worth $26,000. Archer Investment Corp acquired a new position in Gold Fields during the third quarter worth about $42,000. Cary Street Partners Investment Advisory LLC acquired a new position in Gold Fields during the third quarter worth about $45,000. Allworth Financial LP raised its position in Gold Fields by 31.8% in the second quarter. Allworth Financial LP now owns 2,007 shares of the company's stock worth $48,000 after acquiring an additional 484 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position 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 acquiring an additional 2,152 shares in the last quarter. 24.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GFI. Royal Bank Of Canada reduced their price objective on shares of Gold Fields to $45.00 and set an "outperform" rating for the company in a research report on Monday, November 24th. Citigroup increased their target price on shares of Gold Fields from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Wednesday, November 26th. Morgan Stanley cut shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Gold Fields in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $44.00.

Gold Fields Stock Up 3.9%

GFI stock opened at $47.32 on Tuesday. Gold Fields Limited has a one year low of $19.35 and a one year high of $61.64. The firm has a 50-day moving average of $52.42 and a two-hundred day moving average of $44.98.

Gold Fields Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 13th will be given a dividend of $1.4419 per share. This represents a yield of 633.0%. The ex-dividend date is Friday, March 13th.

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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