Gold Fields Limited (NYSE:GFI) Shares Sold by Janney Montgomery Scott LLC

Posted by Defense World Staff on Nov 4th, 2023

Janney Montgomery Scott LLC lessened its holdings in shares of Gold Fields Limited (NYSE:GFI – Free Report) by 65.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,653 shares of the company’s stock after selling 37,541 shares during the period. Janney Montgomery Scott LLC’s holdings in Gold Fields were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GFI. Van ECK Associates Corp raised its position in shares of Gold Fields by 14.9% during the 1st quarter. Van ECK Associates Corp now owns 57,730,989 shares of the company’s stock worth $768,977,000 after acquiring an additional 7,500,380 shares in the last quarter. Balyasny Asset Management LLC raised its position in shares of Gold Fields by 6,833.8% during the 3rd quarter. Balyasny Asset Management LLC now owns 3,466,882 shares of the company’s stock worth $28,047,000 after acquiring an additional 3,416,882 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Gold Fields by 118.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company’s stock worth $78,960,000 after acquiring an additional 2,772,894 shares in the last quarter. BlackRock Inc. raised its position in shares of Gold Fields by 10.2% during the 1st quarter. BlackRock Inc. now owns 25,589,382 shares of the company’s stock worth $395,611,000 after acquiring an additional 2,368,601 shares in the last quarter. Finally, State Street Corp raised its position in shares of Gold Fields by 575.1% during the 2nd quarter. State Street Corp now owns 1,922,648 shares of the company’s stock worth $17,540,000 after acquiring an additional 1,637,853 shares in the last quarter. Institutional investors and hedge funds own 20.99% of the company’s stock.

Gold Fields Price Performance

NYSE GFI opened at $13.98 on Friday. Gold Fields Limited has a 52-week low of $8.23 and a 52-week high of $17.78. The business’s 50-day moving average price is $12.57 and its 200 day moving average price is $13.92.

Gold Fields Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 21st. Investors of record on Friday, September 8th were issued a dividend of $0.1711 per share. This represents a dividend yield of 4%. The ex-dividend date of this dividend was Thursday, September 7th.

Wall Street Analyst Weigh In

GFI has been the topic of several research analyst reports. Scotiabank cut their target price on Gold Fields from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, August 18th. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, October 18th. JPMorgan Chase & Co. upgraded shares of Gold Fields from an “underweight” rating to a “neutral” rating and set a $14.00 price target for the company in a research report on Thursday, October 12th. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.83.

Check Out Our Latest Research Report on GFI

About Gold Fields

(Free Report)

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.