Cerity Partners LLC Purchases Shares of 19,622 Gold Fields Limited (NYSE:GFI)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after buying an additional 649 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Gold Fields by 67.1% during the 1st quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock worth $90,000 after purchasing an additional 1,627 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Gold Fields by 24.1% during the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock worth $148,000 after purchasing an additional 1,298 shares during the last quarter. World Investment Advisors acquired a new position in shares of Gold Fields during the 1st quarter worth about $202,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Gold Fields during the 1st quarter worth about $203,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GFI. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. HSBC restated a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Finally, Scotiabank boosted 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 note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Gold Fields has an average rating of "Hold" and an average target price of $19.70.

Gold Fields Stock Up 0.5%

Shares of GFI opened at $24.78 on Friday. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $26.36. The firm has a market cap of $22.18 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.27 and a beta of 0.54. The firm's 50-day simple moving average is $24.04 and its 200 day simple moving average is $21.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14.

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.

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