Alps Advisors Inc. Increases Stock Holdings in Gold Fields Limited (NYSE:GFI)

Alps Advisors Inc. grew its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 40.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,779 shares of the company's stock after purchasing an additional 58,396 shares during the quarter. Alps Advisors Inc.'s holdings in Gold Fields were worth $4,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 in the last quarter. GAMMA Investing LLC grew its stake in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after buying an additional 649 shares during the period. Parallel Advisors LLC boosted its stake in shares of Gold Fields by 24.1% in the first quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock valued at $148,000 after purchasing an additional 1,298 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in Gold Fields by 3.4% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company's stock valued at $638,000 after acquiring an additional 1,583 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Gold Fields by 67.1% during the first quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock worth $90,000 after purchasing an additional 1,627 shares during the period. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Trading Up 0.1%

Shares of GFI traded up $0.03 during mid-day trading on Tuesday, hitting $24.26. 3,714,645 shares of the company's stock traded hands, compared to its average volume of 3,485,933. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $26.36. The firm has a market capitalization of $21.71 billion, a P/E ratio of 10.32, a PEG ratio of 0.26 and a beta of 0.54. The business's 50-day moving average price is $23.44 and its 200-day moving average price is $20.72.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GFI shares. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. HSBC reiterated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Scotiabank upped their price target on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Gold Fields has an average 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.