HighTower Advisors LLC Sells 31,483 Shares of Gold Fields Limited $GFI

HighTower Advisors LLC decreased its stake in shares of Gold Fields Limited (NYSE:GFI) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,259 shares of the company’s stock after selling 31,483 shares during the period. HighTower Advisors LLC’s holdings in Gold Fields were worth $4,552,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in 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 in the last quarter. Archer Investment Corp bought a new stake in shares of Gold Fields during the third quarter worth $42,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Gold Fields during the third quarter worth $45,000. Bayforest Capital Ltd grew its position in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares in the last quarter. Finally, Westside Investment Management Inc. grew its position in Gold Fields by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,210 shares of the company’s stock valued at $51,000 after purchasing an additional 605 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

NYSE GFI opened at $40.26 on Friday. The firm has a 50-day moving average of $44.06 and a 200-day moving average of $46.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. Gold Fields Limited has a 52-week low of $22.39 and a 52-week high of $61.64.

Gold Fields Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Finally, Scotiabank decreased their target price 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. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.75.

About Gold Fields

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.