Cerity Partners LLC Invests $433,000 in Gold Fields Limited (NYSE:GFI)

Key Points

• Cerity Partners LLC purchased a new stake in Gold Fields Limited, acquiring 19,622 shares valued at approximately $433,000 during the 1st quarter of the year.
• Institutional investors own 24.81% of Gold Fields shares as several funds, including GAMMA Investing LLC and Blue Trust Inc., have increased their stakes in the company.
• Gold Fields currently has an average rating of "Hold" with a target price of $19.70, following recent analyst upgrades and downgrades affecting its stock rating.

Cerity Partners LLC acquired a new stake in Gold Fields Limited (NYSE:GFI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,622 shares of the company's stock, valued at approximately $433,000.

Several other hedge funds also recently modified their holdings of GFI. Schroder Investment Management Group boosted its stake in Gold Fields by 11.3% during the fourth quarter. Schroder Investment Management Group now owns 2,164,906 shares of the company's stock worth $28,490,000 after buying an additional 219,254 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Gold Fields by 1,594.7% during the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock worth $27,913,000 after acquiring an additional 1,989,849 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Gold Fields by 153.6% during 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 acquiring an additional 900,317 shares in the last quarter. Man Group plc increased its stake in Gold Fields by 119.9% in the fourth quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after acquiring an additional 772,928 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Gold Fields by 7.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,361,933 shares of the company's stock worth $17,978,000 after purchasing an additional 96,244 shares in the last quarter. 24.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Hsbc Global Res raised Gold Fields to a "hold" rating in a report on Thursday, April 17th. Scotiabank upped their price target 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. Canaccord Genuity Group assumed coverage on Gold Fields in a research note on Monday. They set a "buy" rating and a $33.00 price objective for the company. Wall Street Zen downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Finally, HSBC reaffirmed a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $22.36.

Gold Fields Price Performance

NYSE:GFI traded down $0.86 during mid-day trading on Wednesday, reaching $24.46. 2,554,629 shares of the company were exchanged, compared to its average volume of 2,412,481. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $26.36. The company has a fifty day moving average of $24.22 and a 200 day moving average of $21.53. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock has a market cap of $21.89 billion, a PE ratio of 10.41, a PEG ratio of 0.27 and a beta of 0.54.

About Gold Fields

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.