Diversify Wealth Management LLC Purchases 25,034 Shares of Gold Fields Limited $GFI

Diversify Wealth Management LLC raised its stake in Gold Fields Limited (NYSE:GFI) by 43.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,217 shares of the company’s stock after purchasing an additional 25,034 shares during the period. Diversify Wealth Management LLC’s holdings in Gold Fields were worth $3,453,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Gold Fields during the 1st quarter valued at $25,000. CIBC Private Wealth Group LLC raised its stake 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 acquiring an additional 273 shares during the last quarter. Bayforest Capital Ltd boosted its holdings in shares of Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after purchasing an additional 996 shares during the period. Arax Advisory Partners grew its stake in shares of Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after purchasing an additional 885 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position 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 purchasing an additional 2,152 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on GFI. Scotiabank reduced their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Royal Bank Of Canada dropped their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.32.

Gold Fields Stock Performance

NYSE:GFI opened at $34.15 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a 12-month low of $23.41 and a 12-month high of $61.64. The stock has a 50-day moving average price of $38.20 and a 200 day moving average price of $45.26.

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.