Alps Advisors Inc. Has $4.46 Million Position in Gold Fields Limited (NYSE:GFI)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GFI. GAMMA Investing LLC lifted its holdings in shares of Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after purchasing an additional 649 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 acquiring an additional 1,627 shares in the last quarter. Parallel Advisors LLC raised its holdings in Gold Fields by 24.1% during the first quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock worth $148,000 after acquiring an additional 1,298 shares in the last quarter. FCA Corp TX bought a new stake in Gold Fields during the fourth quarter worth about $108,000. Finally, World Investment Advisors bought a new stake in Gold Fields during the first quarter worth about $202,000. 24.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Scotiabank upped their target price 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 reissued a "hold" rating and set a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Gold Fields presently has an average rating of "Hold" and a consensus price target of $19.70.

Gold Fields Stock Performance

NYSE:GFI traded up $0.14 on Monday, hitting $24.29. The company's stock had a trading volume of 2,111,177 shares, compared to its average volume of 3,484,236. The firm has a market capitalization of $21.74 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.26 and a beta of 0.54. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. Gold Fields Limited has a one year low of $12.98 and a one year high of $26.36. The stock has a fifty day moving average of $23.44 and a two-hundred day moving average of $20.72.

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.