DekaBank Deutsche Girozentrale Lowers Stake in Gold Fields Limited (NYSE:GFI)

DekaBank Deutsche Girozentrale lessened its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 9.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,000 shares of the company's stock after selling 11,770 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Gold Fields were worth $2,424,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GFI. American Century Companies Inc. increased its stake in Gold Fields by 6.4% during the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock worth $39,283,000 after buying an additional 178,973 shares during the period. Schroder Investment Management Group increased its position in shares of 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 acquiring an additional 219,254 shares during the period. Marshall Wace LLP raised its stake in shares of Gold Fields by 1,594.7% in the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock valued at $27,913,000 after acquiring an additional 1,989,849 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Gold Fields by 153.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock valued at $32,832,000 after purchasing an additional 900,317 shares during the period. Finally, Man Group plc boosted its stake 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 period. Hedge funds and other institutional investors own 24.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GFI shares. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Scotiabank boosted their target price on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, HSBC reaffirmed a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Gold Fields presently has a consensus rating of "Hold" and an average price target of $19.70.

Gold Fields Stock Performance

Shares of NYSE GFI traded down $0.32 during trading hours on Wednesday, reaching $23.95. The stock had a trading volume of 2,868,865 shares, compared to its average volume of 3,481,345. The firm has a 50-day moving average of $23.46 and a 200-day moving average of $20.75. The firm has a market cap of $21.44 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.26 and a beta of 0.54. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $26.36.

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.