Cetera Investment Advisers Has $1.70 Million Stock Holdings in Gold Fields Limited (NYSE:GFI)

Key Points

• Cetera Investment Advisers significantly increased its investment in Gold Fields Limited by purchasing 58,908 shares, bringing its total holdings to 77,159 shares valued at $1,704,000.
• Several hedge funds have recently bought into Gold Fields, including Wellington Management and Bridgewater Associates, indicating increased interest from institutional investors, who now own 24.81% of the stock.
• Gold Fields has received mixed ratings from analysts, with a current average rating of "Moderate Buy" and an average target price of $22.36, reflecting varying levels of confidence in the company's stock performance.

Cetera Investment Advisers boosted its position in Gold Fields Limited (NYSE:GFI - Free Report) by 322.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,159 shares of the company's stock after purchasing an additional 58,908 shares during the quarter. Cetera Investment Advisers' holdings in Gold Fields were worth $1,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of Gold Fields during the 1st quarter worth about $26,000. GAMMA Investing LLC grew its position in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after purchasing an additional 649 shares in the last quarter. Blue Trust Inc. grew its position in Gold Fields by 67.1% during the first quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock valued at $90,000 after purchasing an additional 1,627 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Gold Fields during the fourth quarter valued at approximately $139,000. Finally, Parallel Advisors LLC lifted its stake in Gold Fields by 24.1% in the first quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock valued at $148,000 after acquiring an additional 1,298 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Up 0.9%

NYSE GFI traded up $0.28 during trading hours on Tuesday, reaching $31.40. 2,363,371 shares of the company's stock were exchanged, compared to its average volume of 3,430,141. The company has a market capitalization of $28.10 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.34 and a beta of 0.42. Gold Fields Limited has a one year low of $12.98 and a one year high of $31.77. The company's 50-day moving average is $25.19 and its two-hundred day moving average is $22.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Canaccord Genuity Group assumed coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 target price on the stock. Scotiabank upped their price target 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. Finally, HSBC restated a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Gold Fields presently has an average rating of "Moderate Buy" and a consensus target price of $22.36.

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.