Sigma Planning Corp Buys 37,161 Shares of Gold Fields Limited $GFI

Key Points

• Sigma Planning Corp boosted its stake in Gold Fields by 203.7% in Q4, buying 37,161 shares to hold 55,407 shares worth $2.419 million.
• Gold Fields paid a special dividend of $1.4419 per share (record date Mar 13, paid Mar 26), reported as a 633.0% yield.
• Analyst views are mixed: the consensus rating is Hold with an average target of $49.75, while individual opinions range from JPMorgan's "Overweight" ($65) to Morgan Stanley's "Underweight" and a Zacks "Strong Sell."

Sigma Planning Corp lifted its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 203.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,407 shares of the company's stock after acquiring an additional 37,161 shares during the quarter. Sigma Planning Corp's holdings in Gold Fields were worth $2,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Thrivent Financial for Lutherans bought a new stake in shares of Gold Fields in the 3rd quarter worth approximately $4,314,000. Summit Global Investments lifted its holdings in shares of Gold Fields by 91.9% in the 3rd quarter. Summit Global Investments now owns 46,205 shares of the company's stock worth $1,939,000 after acquiring an additional 22,133 shares during the last quarter. Cibc World Market Inc. lifted its holdings in shares of Gold Fields by 1,180.0% in the 3rd quarter. Cibc World Market Inc. now owns 159,101 shares of the company's stock worth $6,676,000 after acquiring an additional 146,671 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in shares of Gold Fields in the 3rd quarter worth approximately $1,889,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Gold Fields by 49.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company's stock worth $5,616,000 after acquiring an additional 44,306 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Down 1.1%

Shares of Gold Fields stock opened at $42.02 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The company's fifty day simple moving average is $47.88 and its two-hundred day simple moving average is $46.35. Gold Fields Limited has a 12-month low of $19.35 and a 12-month high of $61.64.

Gold Fields Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on GFI. JPMorgan Chase & Co. boosted their price objective 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. Morgan Stanley lowered shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a research note on Thursday, January 22nd. Scotiabank decreased their target price on shares of Gold Fields from $61.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, March 20th. Finally, Zacks Research downgraded shares of Gold Fields from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Gold Fields currently has a consensus rating of "Hold" and an average target price 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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