DekaBank Deutsche Girozentrale Sells 11,770 Shares of Gold Fields Limited (NYSE:GFI)

DekaBank Deutsche Girozentrale lowered its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,000 shares of the company's stock after selling 11,770 shares during the period. DekaBank Deutsche Girozentrale's holdings in Gold Fields were worth $2,424,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. HighTower Advisors LLC increased its position in Gold Fields by 0.5% in the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock worth $1,388,000 after buying an additional 573 shares during the last quarter. GAMMA Investing LLC increased its holdings in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after acquiring an additional 649 shares during the last quarter. Parallel Advisors LLC raised its stake in Gold Fields by 24.1% in the 1st 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 period. Edmond DE Rothschild Holding S.A. lifted its holdings in Gold Fields by 3.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company's stock valued at $638,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Blue Trust Inc. boosted 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 worth $90,000 after purchasing an additional 1,627 shares during the period. Institutional investors own 24.81% of the company's stock.

Gold Fields Trading Up 0.8%

Shares of GFI opened at $24.14 on Friday. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $26.36. The company has a market capitalization of $21.61 billion, a P/E ratio of 10.27, a P/E/G ratio of 0.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73. The firm's 50 day simple moving average is $23.42 and its 200 day simple moving average is $20.60.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. HSBC reaffirmed a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a report on Thursday, April 17th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Scotiabank raised 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 Global Res raised shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.70.

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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