Walser Wealth Management Company A Ltd Liability Co Purchases New Stake in Gold Fields Limited $GFI

Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Gold Fields Limited (NYSE:GFI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,100 shares of the company’s stock, valued at approximately $834,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GFI. CIBC Private Wealth Group LLC boosted its position in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in Gold Fields during the third quarter worth about $45,000. Bayforest Capital Ltd raised its stake in Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after purchasing an additional 996 shares during the period. Arax Advisory Partners boosted its holdings in Gold Fields by 352.6% in 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 during the last quarter. Finally, NewEdge Advisors LLC boosted 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 purchasing an additional 2,152 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Down 0.8%

Shares of GFI opened at $38.57 on Friday. The company’s 50-day moving average price is $42.29 and its 200 day moving average price is $46.31. Gold Fields Limited has a 12-month low of $22.40 and a 12-month high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Scotiabank dropped their price target on shares of 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. 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. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and upped their price objective for the company from $40.25 to $57.25 in a report on Friday, April 24th. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.75.

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.