MQS Management LLC bought a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,990 shares of the company's stock, valued at approximately $287,000.
Other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC increased its holdings in Gold Fields by 26.5% during the first quarter. Ballentine Partners LLC now owns 16,174 shares of the company's stock valued at $357,000 after buying an additional 3,390 shares during the period. Cerity Partners LLC bought a new position in shares of Gold Fields in the 1st quarter worth $433,000. Alps Advisors Inc. raised its position in shares of Gold Fields by 40.7% in the 1st quarter. Alps Advisors Inc. now owns 201,779 shares of the company's stock worth $4,457,000 after acquiring an additional 58,396 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Gold Fields during the 1st quarter worth $624,000. Finally, Envestnet Asset Management Inc. purchased a new position in Gold Fields in the first quarter valued at about $8,075,000. Hedge funds and other institutional investors own 24.81% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on GFI shares. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Scotiabank raised their target price on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Finally, HSBC reissued a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $19.70.
Get Our Latest Stock Analysis on Gold Fields
Gold Fields Stock Performance
Gold Fields stock traded down $0.32 during mid-day trading on Wednesday, reaching $23.95. 2,868,865 shares of the company traded hands, compared to its average volume of 2,510,006. 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 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 $21.44 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.26 and a beta of 0.54. The firm's fifty day moving average is $23.48 and its two-hundred day moving average is $20.77.
Gold Fields Company Profile
(
Free Report)
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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