William Blair Investment Management LLC Takes Position in Gold Fields Limited $GFI

William Blair Investment Management LLC acquired a new position in Gold Fields Limited (NYSE:GFI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,676 shares of the company’s stock, valued at approximately $1,121,000.

Several other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC boosted its stake in Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after buying an additional 273 shares in the last quarter. Archer Investment Corp bought a new stake in Gold Fields in the third quarter worth about $42,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Gold Fields in the 3rd quarter valued at about $45,000. Bayforest Capital Ltd lifted its holdings in 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 acquiring an additional 996 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its position in shares of Gold Fields by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,210 shares of the company’s stock valued at $51,000 after purchasing an additional 605 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GFI. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Scotiabank reduced their price objective 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. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and lifted their target price for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Finally, Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.75.

Gold Fields Stock Performance

GFI stock opened at $41.10 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. Gold Fields Limited has a 52-week low of $21.80 and a 52-week high of $61.64. The company’s 50 day simple moving average is $44.34 and its 200-day simple moving average is $46.66.

Gold Fields Dividend Announcement

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

Gold Fields Company 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.