421,114 Shares in Gold Fields Limited $GFI Acquired by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S has acquired 421,114 shares of Gold Fields Limited, valued at approximately $9.3 million, indicating increasing institutional interest in the company.
• Gold Fields has a current consensus rating of "Hold" with three investment analysts respecting a "Buy" rating and four assigning a "Hold" rating, reflecting mixed market sentiment.
• The company's stock price opened at $29.44 and has seen a fifty-two week trading range between $12.98 and $31.77, showcasing significant volatility.

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Gold Fields Limited (NYSE:GFI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 421,114 shares of the company's stock, valued at approximately $9,302,000.

Several other institutional investors also recently bought and sold shares of GFI. Quantbot Technologies LP acquired a new position in shares of Gold Fields during the 1st quarter worth approximately $199,000. Wellington Management Group LLP raised its position in Gold Fields by 77.5% in the first quarter. Wellington Management Group LLP now owns 387,975 shares of the company's stock valued at $8,570,000 after purchasing an additional 169,352 shares during the period. Qtron Investments LLC increased its position in shares of Gold Fields by 56.5% during the first quarter. Qtron Investments LLC now owns 24,971 shares of the company's stock worth $552,000 after acquiring an additional 9,015 shares during the period. Northern Trust Corp increased its position in shares of Gold Fields by 5.9% during the first quarter. Northern Trust Corp now owns 424,520 shares of the company's stock worth $9,378,000 after acquiring an additional 23,840 shares during the period. Finally, Brooklyn Investment Group increased its holdings in Gold Fields by 447.3% in the first quarter. Brooklyn Investment Group now owns 4,291 shares of the company's stock valued at $95,000 after buying an additional 3,507 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GFI shares. Wall Street Zen raised Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Sunday. Canaccord Genuity Group initiated coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective for the company. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Gold Fields has a consensus rating of "Hold" and an average target price of $22.36.

Gold Fields Stock Performance

NYSE GFI traded up $1.01 on Monday, hitting $32.13. The stock had a trading volume of 2,119,584 shares, compared to its average volume of 3,389,279. The company's 50-day moving average is $26.15 and its two-hundred day moving average is $23.18. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock has a market cap of $28.76 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.33 and a beta of 0.42. Gold Fields Limited has a one year low of $12.98 and a one year high of $32.29.

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.