Mitsubishi UFJ Trust & Banking Corp Raises Stock Position in Gold Fields Limited $GFI

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its stake in Gold Fields by 43.7% in Q4, buying 74,539 shares to hold 245,035 shares valued at about $10.7 million.
• Analyst views are mixed: MarketBeat shows a consensus "Hold" with a $49.75 target (five Buy, four Hold, two Sell), while JPMorgan raised its target to $65/overweight and Morgan Stanley cut the stock to underweight.
• Gold Fields paid a special dividend of $1.4419 per share (record March 13, paid March 26), which the report lists as representing a 633.0% yield.

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 43.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 245,035 shares of the company's stock after buying an additional 74,539 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Gold Fields were worth $10,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GFI. CIBC Private Wealth Group LLC grew its stake in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock worth $36,000 after buying an additional 273 shares in the last quarter. Archer Investment Corp bought a new stake in shares of Gold Fields in the 3rd quarter worth about $42,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Gold Fields in the 3rd quarter worth about $45,000. Bayforest Capital Ltd lifted its holdings in shares of Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company's stock worth $47,000 after acquiring an additional 996 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Gold Fields by 2,152.0% in 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 last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on GFI. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday, April 27th. Scotiabank lowered their target price on shares of Gold Fields from $61.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, March 20th. Weiss Ratings restated a "buy (b)" rating on shares of Gold Fields in a report on Thursday, January 22nd. Morgan Stanley lowered shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $64.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Gold Fields presently has an average rating of "Hold" and a consensus price target of $49.75.

Gold Fields Stock Performance

Shares of GFI opened at $42.02 on Friday. Gold Fields Limited has a 1-year low of $19.35 and a 1-year high of $61.64. The company has a 50-day moving average of $47.88 and a 200 day moving average of $46.34. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Gold Fields Dividend Announcement

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

Gold Fields Company 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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