Summit Global Investments Sells 19,029 Shares of Gold Fields Limited $GFI

Summit Global Investments trimmed its stake in shares of Gold Fields Limited (NYSE:GFI) by 46.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,579 shares of the company’s stock after selling 19,029 shares during the quarter. Summit Global Investments’ holdings in Gold Fields were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GFI. Millennium Management LLC lifted its position in shares of Gold Fields by 20.3% during the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after buying an additional 32,343 shares during the period. NewEdge Advisors LLC grew its position in Gold Fields by 2,152.0% in the first 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 during the period. Dynamic Technology Lab Private Ltd bought a new stake in Gold Fields in the first quarter valued at $236,000. Jones Financial Companies Lllp acquired a new position in Gold Fields during the first quarter worth $268,000. Finally, EverSource Wealth Advisors LLC raised its stake in Gold Fields by 183.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after acquiring an additional 1,900 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and lifted their price objective for the company from $40.25 to $57.25 in a report on Friday, April 24th. Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada dropped their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Scotiabank cut their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.75.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $32.30 on Wednesday. The firm’s 50-day simple moving average is $36.52 and its 200 day simple moving average is $44.64. 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 $23.86 and a 12-month high of $61.64.

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.