U S Global Investors Inc. Purchases 166,358 Shares of Gold Fields Limited $GFI

by · The Markets Daily

U S Global Investors Inc. boosted its position in Gold Fields Limited (NYSE:GFI – Free Report) by 110.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,358 shares of the company’s stock after buying an additional 166,358 shares during the period. Gold Fields makes up 1.7% of U S Global Investors Inc.’s holdings, making the stock its 16th biggest holding. U S Global Investors Inc.’s holdings in Gold Fields were worth $14,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GFI. V Square Quantitative Management LLC bought a new stake in Gold Fields during the first quarter valued at $25,000. CIBC Private Wealth Group LLC lifted its stake in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the period. Bayforest Capital Ltd lifted its stake in shares of 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 purchasing an additional 996 shares during the period. Arax Advisory Partners boosted its position in shares of 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 purchasing an additional 885 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its position in shares of Gold Fields by 24.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on GFI shares. Scotiabank decreased their target price on 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 research note on Wednesday, June 3rd. Royal Bank Of Canada cut their price target on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday. 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. Finally, Canaccord Genuity Group upgraded shares of 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 research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $50.32.

Read Our Latest Analysis on GFI

Gold Fields Stock Up 0.3%

Shares of GFI traded up $0.11 during trading hours on Friday, hitting $34.15. The stock had a trading volume of 4,662,161 shares, compared to its average volume of 3,704,977. Gold Fields Limited has a 1-year low of $23.41 and a 1-year high of $61.64. The firm has a 50 day simple moving average of $38.20 and a 200-day simple moving average of $45.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

About Gold Fields

(Free Report)

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.

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