Millennium Management LLC Lowers Stock Position in Gold Fields Limited (NYSE:GFI)

Millennium Management LLC trimmed its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 33.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,139 shares of the company's stock after selling 78,271 shares during the period. Millennium Management LLC's holdings in Gold Fields were worth $2,101,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GFI. Robeco Institutional Asset Management B.V. boosted its position in Gold Fields by 78.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock valued at $7,735,000 after buying an additional 257,081 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Gold Fields by 8.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock valued at $21,194,000 after buying an additional 122,247 shares during the period. ABC Arbitrage SA purchased a new stake in Gold Fields in the 4th quarter valued at about $1,641,000. Rhumbline Advisers lifted its position in shares of Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after purchasing an additional 720 shares during the period. Finally, D.A. Davidson & CO. purchased a new stake in shares of Gold Fields in the 4th quarter worth approximately $428,000. 24.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GFI shares. Scotiabank upped their target price on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. HSBC reaffirmed a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Wall Street Zen downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.56.

Gold Fields Price Performance

Gold Fields stock traded up $0.37 during mid-day trading on Thursday, reaching $25.41. 4,366,893 shares of the company traded hands, compared to its average volume of 3,646,527. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $26.36. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.30 and a beta of 0.57. The firm's fifty day moving average is $22.42 and its two-hundred day moving average is $18.70.

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.