421,114 Shares in Gold Fields Limited $GFI Bought 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 acquired a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 421,114 shares of the company's stock, valued at approximately $9,302,000.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on GFI shares. Canaccord Genuity Group started coverage on Gold Fields in a research report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective on the stock. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Gold Fields has a consensus rating of "Hold" and a consensus target price of $22.36.

Gold Fields Stock Up 2.9%

Shares of GFI stock traded up $0.89 during mid-day trading on Friday, hitting $31.15. The stock had a trading volume of 4,160,426 shares, compared to its average volume of 3,083,346. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $31.77. The firm has a market capitalization of $27.88 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42. The firm's 50-day moving average is $26.15 and its two-hundred day moving average is $23.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73.

Gold Fields (NYSE:GFI - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter. During the same period in the previous year, the firm earned $0.43 earnings per share. On average, analysts predict that Gold Fields Limited will post 1.97 earnings per share for the current fiscal year.

About Gold Fields

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.