Invesco Ltd. Has $81.77 Million Stake in Gold Fields Limited $GFI

Key Points

• Invesco Ltd. reduced its holdings in Gold Fields Limited (NYSE:GFI) by 24.8%, selling over 1.2 million shares, and now owns approximately 3.7 million shares worth about $81.8 million.
• Institutional investors collectively own 24.81% of Gold Fields, with notable increases in positions from several hedge funds, including Marshall Wace and Robeco Institutional Asset Management.
• Analysts have mixed ratings on Gold Fields, with a consensus rating of "Moderate Buy" and an average price target of $22.36.

Invesco Ltd. decreased its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 24.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,701,838 shares of the company's stock after selling 1,222,816 shares during the quarter. Invesco Ltd. owned approximately 0.41% of Gold Fields worth $81,774,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in Gold Fields during the 1st quarter valued at $26,000. Banque Cantonale Vaudoise acquired a new stake in Gold Fields during the 1st quarter valued at $44,000. GAMMA Investing LLC lifted its holdings in shares of Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after buying an additional 649 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 buying an additional 1,627 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Gold Fields during the fourth quarter worth $139,000. Institutional investors and hedge funds own 24.81% of the company's stock.

Analysts Set New Price Targets

GFI has been the subject of a number of research reports. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Canaccord Genuity Group initiated coverage on Gold Fields in a report on Monday, July 28th. They set a "buy" rating and a $33.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Gold Fields presently has a consensus rating of "Hold" and a consensus price target of $22.36.

Gold Fields Price Performance

GFI stock traded up $0.32 during midday trading on Thursday, reaching $30.20. The company had a trading volume of 3,034,823 shares, compared to its average volume of 3,022,148. The company has a market capitalization of $27.03 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42. The stock has a 50 day moving average price of $26.04 and a 200-day moving average price of $23.02. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $31.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73.

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.