SG Americas Securities LLC Buys 87,186 Shares of Gold Fields Limited $GFI

SG Americas Securities LLC raised its stake in Gold Fields Limited (NYSE:GFI) by 503.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,515 shares of the company’s stock after purchasing an additional 87,186 shares during the quarter. SG Americas Securities LLC’s holdings in Gold Fields were worth $4,745,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of GFI. CIBC Private Wealth Group LLC boosted 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 valued at $36,000 after buying an additional 273 shares during the last quarter. Bayforest Capital Ltd raised its position in Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after buying an additional 996 shares during the last quarter. Arax Advisory Partners lifted its stake in Gold Fields by 352.6% during the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after acquiring an additional 885 shares in the last quarter. NewEdge Advisors LLC lifted its stake in 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 in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Gold Fields by 606.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock worth $61,000 after acquiring an additional 2,287 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GFI. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Scotiabank decreased their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, March 20th. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and raised their price objective for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.75.

Gold Fields Stock Performance

Shares of GFI stock opened at $33.31 on Tuesday. Gold Fields Limited has a 1 year low of $23.15 and a 1 year high of $61.64. The firm has a fifty day moving average price of $40.24 and a 200-day moving average price of $45.92. 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 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.