LPL Financial LLC Purchases 157,801 Shares of Gold Fields Limited $GFI

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 boosted its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 567.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,592 shares of the company's stock after buying an additional 157,801 shares during the period. LPL Financial LLC's holdings in Gold Fields were worth $4,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of GFI. Massachusetts Financial Services Co. MA grew its position in Gold Fields by 1.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock worth $99,567,000 after buying an additional 45,171 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Gold Fields by 1,594.7% during the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock worth $27,913,000 after purchasing an additional 1,989,849 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of 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 worth $32,832,000 after purchasing an additional 900,317 shares during the last quarter. Man Group plc raised its stake in Gold Fields by 119.9% in the fourth quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after purchasing an additional 772,928 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Gold Fields by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,361,933 shares of the company's stock valued at $17,978,000 after purchasing an additional 96,244 shares during the last quarter. Institutional investors own 24.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GFI. Canaccord Genuity Group started coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective on the stock. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.36.

Gold Fields Stock Down 1.1%

Shares of GFI stock traded down $0.34 during trading hours on Tuesday, hitting $29.64. 349,288 shares of the company's stock traded hands, compared to its average volume of 3,386,183. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock's fifty day simple moving average is $25.72 and its two-hundred day simple moving average is $22.84. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $31.77. The stock has a market cap of $26.53 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.32 and a beta of 0.42.

Gold Fields 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.