Assenagon Asset Management S.A. Takes Position in Gold Fields Limited (NYSE:GFI)

Assenagon Asset Management S.A. acquired a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,930 shares of the company's stock, valued at approximately $2,914,000.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Gold Fields in the fourth quarter worth $362,000. Rhumbline Advisers lifted its holdings in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after purchasing an additional 720 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Gold Fields during the fourth quarter worth $139,000. Bank of America Corp DE raised its position in Gold Fields by 18.1% in the 4th quarter. Bank of America Corp DE now owns 127,470 shares of the company's stock valued at $1,683,000 after buying an additional 19,501 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in Gold Fields during the 4th quarter valued at $2,475,000. Institutional investors own 24.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. HSBC reiterated a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. Hsbc Global Res raised Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Scotiabank raised their target price on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.56.

Gold Fields Stock Performance

Shares of GFI traded down $0.05 during mid-day trading on Friday, hitting $24.27. The stock had a trading volume of 1,655,424 shares, compared to its average volume of 3,564,445. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $26.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73. The business has a fifty day moving average price of $23.11 and a 200-day moving average price of $19.46. The firm has a market cap of $21.72 billion, a P/E ratio of 10.33, a PEG ratio of 0.28 and a beta of 0.55.

Gold Fields 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.