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

Bank of America Corp DE boosted its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 18.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,470 shares of the company's stock after acquiring 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 quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amundi lifted its holdings in shares of Gold Fields by 7.3% during the 4th quarter. Amundi now owns 3,107,369 shares of the company's stock valued at $44,684,000 after buying an additional 211,333 shares during the period. American Century Companies Inc. lifted its holdings in shares of Gold Fields by 6.4% during the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock valued at $39,283,000 after buying an additional 178,973 shares during the period. RWC Asset Management LLP lifted its holdings in shares of Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock valued at $35,784,000 after buying an additional 227,704 shares during the period. DJE Kapital AG bought a new position in Gold Fields in the 4th quarter worth $33,486,000. Finally, Schroder Investment Management Group raised its holdings in Gold Fields by 11.3% in the 4th quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company's stock worth $28,490,000 after purchasing an additional 219,254 shares during the period. 24.81% of the stock is owned by institutional investors.

Gold Fields Stock Down 3.2%

GFI stock traded down $0.81 during trading on Friday, reaching $24.61. The company's stock had a trading volume of 3,312,657 shares, compared to its average volume of 3,643,417. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $26.36. The company has a market capitalization of $22.03 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.30 and a beta of 0.55. The company's fifty day moving average is $22.52 and its 200-day moving average is $18.87.

Wall Street Analyst Weigh In

GFI has been the topic of a number of recent research reports. Scotiabank raised 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 Global Res raised Gold Fields to a "hold" rating in a report on Thursday, April 17th. HSBC reaffirmed a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Finally, Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of "Hold" and an average target price of $18.56.

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.