SG Americas Securities LLC Reduces Stock Holdings in Gold Fields Limited $GFI

Key Points

• SG Americas Securities LLC cut its stake in Gold Fields by 67.1% in Q4, selling 35,365 shares and retaining 17,329 shares worth $757,000 per its most recent SEC filing.
• Analyst coverage is mixed with a MarketBeat consensus rating of "Hold" and a consensus target price of $43.88 after recent upgrades and downgrades from firms including JPMorgan, Morgan Stanley, Scotiabank, Zacks and Weiss.
• Gold Fields paid a special dividend of $1.4419 (record date March 13, paid March 26), which MarketBeat reports as representing a very large stated yield of 633.0%.

SG Americas Securities LLC reduced its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 67.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,329 shares of the company's stock after selling 35,365 shares during the quarter. SG Americas Securities LLC's holdings in Gold Fields were worth $757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Harbour Capital Advisors LLC boosted its holdings in shares of Gold Fields by 0.5% in the fourth quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company's stock worth $2,201,000 after buying an additional 265 shares during the last quarter. CIBC Private Wealth Group LLC increased 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 during the last quarter. Bridgewater Advisors Inc. increased its holdings in Gold Fields by 1.6% during the third quarter. Bridgewater Advisors Inc. now owns 20,692 shares of the company's stock valued at $868,000 after buying an additional 317 shares during the last quarter. CWM LLC raised its position in Gold Fields by 24.7% in the third quarter. CWM LLC now owns 2,086 shares of the company's stock worth $88,000 after acquiring an additional 413 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Gold Fields by 6.0% during the 3rd quarter. Parallel Advisors LLC now owns 7,452 shares of the company's stock worth $313,000 after acquiring an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Scotiabank cut their price objective on shares of Gold Fields from $61.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, March 20th. Zacks Research cut Gold Fields from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 31st. Weiss Ratings reissued a "buy (b)" rating on shares of Gold Fields in a report on Thursday, January 22nd. JPMorgan Chase & Co. upped their price target on Gold Fields from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 20th. Finally, Morgan Stanley downgraded Gold Fields from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $43.88.

Gold Fields Price Performance

Shares of NYSE GFI opened at $49.36 on Friday. The firm has a fifty day moving average price of $49.89 and a 200-day moving average price of $45.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. Gold Fields Limited has a 1 year low of $19.35 and a 1 year high of $61.64.

Gold Fields Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were issued a $1.4419 dividend. The ex-dividend date of this dividend 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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