Gold Fields Limited $GFI Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC cut its position in shares of Gold Fields Limited (NYSE:GFI) by 95.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,897 shares of the company’s stock after selling 133,888 shares during the quarter. CWA Asset Management Group LLC’s holdings in Gold Fields were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GFI. Millennium Management LLC boosted its position in Gold Fields by 20.3% during the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after acquiring an additional 32,343 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Gold Fields by 2,152.0% in the 1st 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 last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Gold Fields in the 1st quarter valued at $236,000. Jones Financial Companies Lllp purchased a new position in shares of Gold Fields during the 1st quarter worth $268,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Gold Fields by 38.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,296 shares of the company’s stock worth $244,000 after purchasing an additional 2,851 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analysts Set New Price Targets

GFI has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Citigroup increased their target price on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Wall Street Zen raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Gold Fields has a consensus rating of “Hold” and a consensus price target of $43.88.

Gold Fields Stock Performance

GFI stock opened at $40.65 on Wednesday. The business has a fifty day simple moving average of $51.77 and a 200-day simple moving average of $45.31. Gold Fields Limited has a 52 week low of $19.35 and a 52 week high of $61.64.

Gold Fields Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 13th will be paid a dividend of $1.4419 per share. The ex-dividend date is Friday, March 13th. This represents a yield of 633.0%.

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.