Stratos Wealth Partners LTD. Trims Stock Position in Gold Fields Limited $GFI

Key Points

• Stratos Wealth Partners cut its stake in Gold Fields (NYSE: GFI) by 85% in Q4, selling 32,863 shares and leaving it with 5,813 shares worth about $254,000.
• Gold Fields paid a special dividend of $1.4419 per share (record date Mar 13, paid Mar 26), which the article reports as a 633.0% yield.
• Analysts are mixed, with a consensus rating of “Hold” and an average price target of $43.88 (4 Buy, 6 Hold, 1 Sell).

Stratos Wealth Partners LTD. cut its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 85.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,813 shares of the company's stock after selling 32,863 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Gold Fields were worth $254,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC increased its position in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock worth $36,000 after acquiring an additional 273 shares during the period. Archer Investment Corp purchased a new position in shares of Gold Fields during the third quarter worth approximately $42,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Gold Fields during the third quarter worth approximately $45,000. Westside Investment Management Inc. increased its position in shares of Gold Fields by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,210 shares of the company's stock worth $51,000 after acquiring an additional 605 shares during the period. Finally, Richardson Financial Services Inc. increased its position in shares of Gold Fields by 65.0% during the third quarter. Richardson Financial Services Inc. now owns 1,988 shares of the company's stock worth $83,000 after acquiring an additional 783 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GFI shares. Scotiabank reduced 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 report on Friday, March 20th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a research report on Thursday, January 22nd. Morgan Stanley lowered shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Saturday. 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, the company presently has a consensus rating of "Hold" and an average price target of $43.88.

Gold Fields Stock Down 1.0%

Shares of GFI stock opened at $48.87 on Tuesday. The company's 50 day moving average is $49.87 and its 200 day moving average is $46.02. 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 52-week low of $19.35 and a 52-week high of $61.64.

Gold Fields Announces Dividend

The firm 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. This represents a yield of 633.0%. The ex-dividend date of this dividend was Friday, March 13th.

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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