Barclays PLC cut its stake in shares of Gold Fields Limited by 87.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).

The firm owned 28,000 shares of the company’s stock after selling 192,436 shares during the quarter. Barclays PLC’s holdings in Gold Fields were worth $227,000 as of its most recent SEC filing.

Meanwhile, other hedge funds and other institutional investors have also recently bought and sold shares of the company. According to the release, Captrust Financial Advisors grew its position in Gold Fields by 100.8% in the 2nd quarter.

Captrust Financial Advisors now owns 2,741 shares of the company’s stock valued at $25,000 after buying an additional 1,376 shares during the last quarter.

Larson Financial Group LLC purchased a new position in Gold Fields in the 2nd quarter valued at $35,000. Twin Lakes Capital Management LLC also purchased a new position in Gold Fields in the 3rd quarter valued at $35,000.

Chiron Investment Management LLC purchased a new position in Gold Fields in the 1st quarter valued at $68,000. Finally, Sargent Bickham Lagudis LLC purchased a new position in Gold Fields in the 3rd quarter valued at $43,000. 28.41 per cent of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Trading Up 0.8 %

GFI stock opened at $10.20 on Friday. Gold Fields Limited has a 12 month low of $7.03 and a 12 month high of $17.20. The company’s 50 day simple moving average is $11.21 and its 200-day simple moving average is $9.74.

Analyst Upgrades and Downgrades

GFI has been the subject of a number of recent analyst reports. HSBC downgraded Gold Fields from a “buy” rating to a “hold” rating in a report on Monday, January 30, 2023. BMO Capital Markets raised their target price on Gold Fields from $10.50 to $11.50 and gave the company a “market perform” rating in a report.

In the same vein, another report finally raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Wednesday, January 18, 2023. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.40.

Gold Fields Ltd. Is a gold mining company, which engages in the production of gold and operation of mines. Its operating mines are located in Australia, Ghana, Peru, and South Africa. The company was founded on May 03, 1968 and is headquartered in Johannesburg, South Africa.

Headline earnings per share for the twelve months ended 31st December 2022 (FY 2022) of Gold Fields Limited are expected to range from US$1.16-1.22 per share (US$0.16-0.22 per share higher), which is 16% to 22% higher than the headline earnings of US$1.00 per share reported for the twelve months ended 31 December 2021 (FY 2021).

Basic earnings per share are expected to range from US$0.77-0.83 per share (US$0.06- 0.12 per share lower), which is 7% to 13% lower than the basic earnings of US$0.89 per share reported in the previous period. The decrease in basic earnings is due to impairments recognised at Tarkwa and Cerro Corona mainly due to an increase in discount rates.

The biggest Impairments recognised at year-end comprises Tarkwa- US$325m pre-tax (US$220m post-tax) mainly due to the increase in the discount rate from 8.3% to 15.9% as a result of increases in the Ghana country risk premium and the risk free rate.