Gold Fields Limited (NYSE:GFI) Holdings Cut by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH sold 640,423 shares of Gold Fields Limited, reducing its holdings by 50.4% to 630,948 shares, valued at approximately $13.9 million.
• Institutional investors together own 24.81% of Gold Fields, with several firms, including GAMMA Investing LLC and Bridgewater Advisors Inc., increasing their positions in the stock during the 1st quarter.
• Gold Fields has received mixed ratings from analysts, with four rating it as a hold and three issuing buy ratings, and a target price range between $19.70 and $23.00.

Allianz Asset Management GmbH cut its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 50.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 630,948 shares of the company's stock after selling 640,423 shares during the period. Allianz Asset Management GmbH owned 0.07% of Gold Fields worth $13,938,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. increased its holdings in shares of Gold Fields by 4.9% during the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock valued at $441,000 after purchasing an additional 934 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Gold Fields by 1.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock valued at $99,567,000 after purchasing an additional 45,171 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Gold Fields by 3.7% during the first quarter. SBI Securities Co. Ltd. now owns 37,971 shares of the company's stock valued at $839,000 after purchasing an additional 1,357 shares during the period. MQS Management LLC acquired a new position in shares of Gold Fields during the first quarter valued at $287,000. Finally, Ballentine Partners LLC increased its holdings in shares of Gold Fields by 26.5% during the first quarter. Ballentine Partners LLC now owns 16,174 shares of the company's stock valued at $357,000 after purchasing an additional 3,390 shares during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Trading Up 1.6%

Shares of NYSE:GFI traded up $0.39 during midday trading on Tuesday, reaching $25.01. The company had a trading volume of 779,573 shares, compared to its average volume of 3,412,098. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $26.36. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.27 and a beta of 0.54. The company has a fifty day simple moving average of $24.10 and a two-hundred day simple moving average of $21.48.

Wall Street Analyst Weigh In

GFI has been the topic of a number of research analyst reports. Scotiabank raised their price target on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Hsbc Global Res raised Gold Fields to a "hold" rating in a report on Thursday, April 17th. Canaccord Genuity Group began coverage on Gold Fields in a report on Monday. They set a "buy" rating and a $33.00 target price on the stock. Finally, HSBC reaffirmed a "hold" rating and set a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of "Moderate Buy" and an average target price of $22.36.

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.