Bank of America Corp DE Boosts Stock Holdings in Gold Fields Limited (NYSE:GFI)

Bank of America Corp DE grew its position in Gold Fields Limited (NYSE:GFI - Free Report) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,470 shares of the company's stock after buying an additional 19,501 shares during the quarter. Bank of America Corp DE's holdings in Gold Fields were worth $1,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GFI. FCA Corp TX bought a new stake in Gold Fields during the fourth quarter valued at about $108,000. Net Worth Advisory Group purchased a new stake in Gold Fields during the 4th quarter valued at about $136,000. Signaturefd LLC boosted its position in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after buying an additional 1,656 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Gold Fields in the fourth quarter worth $141,000. Finally, US Bancorp DE grew its position in Gold Fields by 18.9% during the 4th quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after purchasing an additional 1,829 shares during the period. Institutional investors own 24.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GFI shares. HSBC restated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Finally, Scotiabank upped their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat, Gold Fields currently has an average rating of "Hold" and a consensus price target of $18.56.

Gold Fields Stock Performance

Gold Fields stock traded down $0.81 during trading on Friday, reaching $24.61. The company had a trading volume of 3,312,356 shares, compared to its average volume of 3,643,401. The firm has a market capitalization of $22.03 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.30 and a beta of 0.57. The firm's 50-day simple moving average is $22.48 and its 200 day simple moving average is $18.78. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $26.36.

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.