SBI Securities Co. Ltd. Has $2.96 Million Holdings in Gold Fields Limited $GFI

Key Points

• SBI Securities Co. Ltd. cut its stake in Gold Fields by 43.7% in Q4, selling 52,579 shares and leaving it with 67,740 shares valued at about $2.96 million.
• Gold Fields paid a special dividend of $1.4419 per share (paid Mar 26), which the report states represented a yield of 633.0%.
• Shares opened at $46.14 (52‑week range $19.35–$61.64) and were up about 10.5%; the Street consensus is a Hold with an average price target of $49.75.

SBI Securities Co. Ltd. cut its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 43.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,740 shares of the company's stock after selling 52,579 shares during the period. SBI Securities Co. Ltd.'s holdings in Gold Fields were worth $2,958,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its holdings in Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock valued at $36,000 after buying an additional 273 shares in the last quarter. Archer Investment Corp bought a new stake in shares of Gold Fields during the 3rd quarter worth about $42,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Gold Fields during the 3rd quarter worth about $45,000. Bayforest Capital Ltd increased its holdings in shares of Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company's stock valued at $47,000 after acquiring an additional 996 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock valued at $50,000 after acquiring an additional 2,152 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Up 10.5%

Gold Fields stock opened at $46.14 on Thursday. Gold Fields Limited has a 52 week low of $19.35 and a 52 week high of $61.64. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The business's 50-day simple moving average is $47.42 and its 200-day simple moving average is $46.37.

Gold Fields Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were given a $1.4419 dividend. This represents a yield of 633.0%. The ex-dividend date of this dividend was Friday, March 13th.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GFI. Zacks Research lowered Gold Fields from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 29th. Scotiabank lowered their price target on Gold Fields from $61.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, March 20th. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 27th. Morgan Stanley cut shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $49.75.

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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