Gold Fields Limited (NYSE:GFI) Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC significantly increased its stake in Gold Fields Limited by 567.8% during the first quarter, now holding 185,592 shares worth approximately $4.1 million.
• Institutional investors collectively own 24.81% of Gold Fields stock, with several firms reporting increased stakes, including GAMMA Investing LLC and Blue Trust Inc.
• Gold Fields has received mixed ratings from analysts, with a current consensus rating of "Moderate Buy" and a price target ranging from $21.00 to $33.00.

LPL Financial LLC lifted its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 567.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,592 shares of the company's stock after acquiring an additional 157,801 shares during the quarter. LPL Financial LLC's holdings in Gold Fields were worth $4,100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GFI. Richardson Financial Services Inc. acquired a new stake in shares of Gold Fields in the first quarter worth $26,000. GAMMA Investing LLC increased its stake in shares of Gold Fields by 21.0% in the first 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 period. Blue Trust Inc. increased its stake in shares of Gold Fields by 67.1% in the first quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock worth $90,000 after acquiring an additional 1,627 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Gold Fields during the fourth quarter valued at $139,000. Finally, Parallel Advisors LLC grew its position in Gold Fields by 24.1% during the first quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock valued at $148,000 after buying an additional 1,298 shares during the period. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Price Performance

Gold Fields stock opened at $29.78 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. The company has a market capitalization of $26.65 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42. The company's 50 day simple moving average is $25.51 and its 200-day simple moving average is $22.58. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $31.77.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GFI. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. HSBC restated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group began coverage on shares of Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Gold Fields currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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