Caitong International Asset Management Co. Ltd Purchases New Stake in Gold Fields Limited $GFI

Key Points

• Caitong International Asset Management Co. Ltd has invested approximately $221,000 in Gold Fields Limited by acquiring 9,997 shares of the gold producer.
• Several institutional investors have significantly increased their stakes in Gold Fields, with Connor Clark & Lunn Investment Management Ltd. raising theirs by 169.4%, now holding shares valued at over $20 million.
• Analysts have mixed ratings for Gold Fields, with an average price target of $22.36 and multiple analysts affirming a "hold" or "buy" rating amid fluctuating market conditions.

Caitong International Asset Management Co. Ltd purchased a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,997 shares of the company's stock, valued at approximately $221,000.

A number of other large investors have also recently bought and sold shares of GFI. Massachusetts Financial Services Co. MA boosted its holdings in shares of Gold Fields by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock valued at $99,567,000 after buying an additional 45,171 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Gold Fields by 21.5% in the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock valued at $58,376,000 after buying an additional 467,579 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Gold Fields by 1,594.7% in the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock valued at $27,913,000 after buying an additional 1,989,849 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Gold Fields by 153.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock valued at $32,832,000 after buying an additional 900,317 shares during the last quarter. Finally, Man Group plc boosted its holdings in shares of Gold Fields by 119.9% in the 4th quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after buying an additional 772,928 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Stock Performance

GFI traded down $0.05 during trading hours on Monday, reaching $29.99. The company's stock had a trading volume of 1,482,289 shares, compared to its average volume of 3,406,520. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $31.77. The company's 50-day moving average is $25.62 and its 200-day moving average is $22.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. The firm has a market cap of $26.84 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42.

Wall Street Analyst Weigh In

Several research firms have recently commented on GFI. Canaccord Genuity Group began coverage on Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective for the company. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $22.36.

Gold Fields Company 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.