South Street Advisors LLC Reduces Position in Gold Fields Limited $GFI

South Street Advisors LLC lessened its position in Gold Fields Limited (NYSE:GFI) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 653,232 shares of the company’s stock after selling 54,780 shares during the quarter. Gold Fields comprises about 4.0% of South Street Advisors LLC’s investment portfolio, making the stock its 7th biggest position. South Street Advisors LLC’s holdings in Gold Fields were worth $28,520,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new stake in Gold Fields in the 3rd quarter valued at $4,314,000. Summit Global Investments boosted its holdings in Gold Fields by 91.9% in the 3rd quarter. Summit Global Investments now owns 46,205 shares of the company’s stock valued at $1,939,000 after purchasing an additional 22,133 shares during the period. Cibc World Market Inc. boosted its holdings in Gold Fields by 1,180.0% in the 3rd quarter. Cibc World Market Inc. now owns 159,101 shares of the company’s stock valued at $6,676,000 after purchasing an additional 146,671 shares during the period. AdvisorShares Investments LLC bought a new stake in Gold Fields in the 3rd quarter valued at $1,889,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in Gold Fields by 49.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company’s stock valued at $5,616,000 after purchasing an additional 44,306 shares during the period. 24.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Gold Fields Price Performance

Shares of Gold Fields stock opened at $40.26 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $44.06 and its 200-day simple moving average is $46.68. Gold Fields Limited has a twelve month low of $22.39 and a twelve month high of $61.64.

Gold Fields Dividend Announcement

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

Gold Fields 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.