Groupe la Francaise Has $5.87 Million Stock Holdings in Gold Fields Limited $GFI

Key Points

• Groupe la Francaise increased its holdings in Gold Fields Limited by 27.3% in Q1, owning a total of 280,000 shares valued at approximately $5.87 million.
• Several other institutional investors, including Richardson Financial Services and Banque Cantonale Vaudoise, also acquired new positions in Gold Fields during the same quarter, indicating strong interest in the stock.
• Analysts have issued mixed reviews on Gold Fields, with a consensus rating of "Hold" and an average target price of $22.36, while Canaccord Genuity recently set a target price of $33.00 with a "buy" rating.

Groupe la Francaise raised its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 27.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 280,000 shares of the company's stock after acquiring an additional 60,000 shares during the quarter. Groupe la Francaise's holdings in Gold Fields were worth $5,869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in Gold Fields in the 1st quarter valued at $26,000. Banque Cantonale Vaudoise bought a new position in Gold Fields in the 1st quarter worth $44,000. GAMMA Investing LLC raised 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 period. Blue Trust Inc. raised its holdings in Gold Fields by 67.1% in the 1st 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. Finally, Brooklyn Investment Group raised its holdings in Gold Fields by 447.3% in the 1st quarter. Brooklyn Investment Group now owns 4,291 shares of the company's stock worth $95,000 after acquiring an additional 3,507 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GFI. Canaccord Genuity Group began coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 target price on the stock. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Gold Fields has a consensus rating of "Hold" and an average target price of $22.36.

Gold Fields Trading Up 2.9%

Shares of GFI stock opened at $31.15 on Friday. The firm has a market capitalization of $27.88 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The firm's fifty day simple moving average is $26.15 and its 200 day simple moving average is $23.12. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $31.77.

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.

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