Bank of America Corp DE raised its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 32.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 771,791 shares of the company's stock after buying an additional 187,755 shares during the period. Bank of America Corp DE owned about 0.09% of Gold Fields worth $35,039,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of GFI. Millennium Management LLC grew its stake in shares of Gold Fields by 20.3% in the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company's stock valued at $4,230,000 after buying an additional 32,343 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock worth $50,000 after buying an additional 2,152 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Gold Fields during the first quarter worth approximately $236,000. Jones Financial Companies Lllp acquired a new position in Gold Fields during the first quarter valued at approximately $268,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Gold Fields by 183.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company's stock valued at $69,000 after purchasing an additional 1,900 shares during the period. 24.81% of the stock is currently owned by hedge funds and other institutional investors.
Gold Fields Stock Performance
GFI stock opened at $40.24 on Friday. The stock has a 50-day moving average price of $35.09 and a two-hundred day moving average price of $43.11. Gold Fields Limited has a 1 year low of $29.24 and a 1 year high of $61.64. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on GFI. Royal Bank Of Canada cut their target price on shares of Gold Fields from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Scotiabank dropped their price objective on Gold Fields from $60.00 to $52.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings lowered Gold Fields from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, June 3rd. Canaccord Genuity Group upgraded shares of Gold Fields from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Gold Fields from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Gold Fields currently has a consensus rating of "Hold" and a consensus target price of $47.75.
Check Out Our Latest Analysis on Gold Fields
About Gold Fields
(
Free Report)
Gold Fields NYSE: GFI is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.
The company's core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.
Further Reading
Want to see what other hedge funds are holding GFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold Fields Limited (NYSE:GFI - Free Report).
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