Ritholtz Wealth Management Has $849,000 Holdings in Gold Fields Limited $GFI

Key Points

• Ritholtz Wealth Management increased its holdings in Gold Fields Limited by 38.4% during the second quarter, reaching a value of $849,000 by acquiring 9,955 additional shares.
• Multiple institutional investors have also recently adjusted their positions in Gold Fields, contributing to a total of 24.81% of the stock currently owned by such investors.
• Analyst ratings for Gold Fields have seen shifts, with recent cuts from "strong-buy" to "buy" and a consensus price target of $27.63, reflecting a cautious outlook on the stock.

Ritholtz Wealth Management grew its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 38.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,857 shares of the company's stock after purchasing an additional 9,955 shares during the period. Ritholtz Wealth Management's holdings in Gold Fields were worth $849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of Gold Fields by 6.0% in the second quarter. Signaturefd LLC now owns 9,714 shares of the company's stock valued at $230,000 after purchasing an additional 546 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after buying an additional 649 shares in the last quarter. Range Financial Group LLC grew its stake in shares of Gold Fields by 1.0% in the second quarter. Range Financial Group LLC now owns 89,742 shares of the company's stock valued at $2,124,000 after buying an additional 929 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in shares of Gold Fields by 4.9% in the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock valued at $441,000 after buying an additional 934 shares in the last quarter. Finally, Euro Pacific Asset Management LLC grew its stake in shares of Gold Fields by 7.6% in the second quarter. Euro Pacific Asset Management LLC now owns 14,651 shares of the company's stock valued at $353,000 after buying an additional 1,033 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GFI has been the subject of several analyst reports. Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Saturday. HSBC reissued a "hold" rating on shares of Gold Fields in a research note on Thursday, October 9th. Canaccord Genuity Group cut shares of Gold Fields from a "buy" rating to a "hold" rating and set a $39.00 target price for the company. in a research note on Monday, October 13th. Zacks Research cut shares of Gold Fields from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Finally, Capital One Financial set a $32.00 price objective on shares of Gold Fields in a research report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $27.63.

Gold Fields Price Performance

GFI stock opened at $43.10 on Friday. The company has a fifty day moving average price of $37.19 and a two-hundred day moving average price of $28.41. Gold Fields Limited has a one year low of $12.98 and a one year high of $47.18. The stock has a market cap of $38.58 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.33 and a beta of 0.49.

Gold Fields Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were given a $0.3993 dividend. The ex-dividend date of this dividend was Friday, September 12th. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. This represents a dividend yield of 130.0%. Gold Fields's dividend payout ratio (DPR) is presently 27.23%.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.

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