Envestnet Asset Management Inc. Buys New Holdings in Gold Fields Limited (NYSE:GFI)

Envestnet Asset Management Inc. purchased a new stake in Gold Fields Limited (NYSE:GFI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 365,558 shares of the company's stock, valued at approximately $8,075,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GFI. Bank of New York Mellon Corp raised its holdings in Gold Fields by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 45,442 shares of the company's stock worth $600,000 after buying an additional 6,974 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Gold Fields in the 4th quarter valued at about $362,000. HighTower Advisors LLC increased its holdings in shares of Gold Fields by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock valued at $1,388,000 after purchasing an additional 573 shares during the period. Signaturefd LLC increased its holdings in shares of Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after purchasing an additional 1,656 shares during the period. Finally, American Century Companies Inc. increased its holdings in Gold Fields by 6.4% in the fourth quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock worth $39,283,000 after buying an additional 178,973 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Stock Performance

Shares of GFI traded down $0.25 during mid-day trading on Friday, hitting $24.40. The company's stock had a trading volume of 1,257,059 shares, compared to its average volume of 3,418,737. Gold Fields Limited has a one year low of $12.98 and a one year high of $26.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. The firm has a market capitalization of $21.84 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.27 and a beta of 0.54. The stock's 50-day moving average is $23.95 and its two-hundred day moving average is $21.24.

Analyst Ratings Changes

A number of equities analysts recently commented on GFI shares. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a report on Thursday, April 17th. Scotiabank increased their price objective on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. HSBC restated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a report on Thursday, April 17th. Finally, Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Gold Fields presently has a consensus rating of "Hold" and a consensus target price of $19.70.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.