Park Avenue Securities LLC acquired a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,618 shares of the company's stock, valued at approximately $1,096,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of GFI. FCA Corp TX bought a new position in shares of Gold Fields during the fourth quarter valued at about $108,000. Net Worth Advisory Group bought a new position in shares of Gold Fields during the fourth quarter valued at about $136,000. Signaturefd LLC grew its stake in shares of Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after buying an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Gold Fields during the fourth quarter valued at about $139,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Gold Fields during the fourth quarter valued at about $141,000. 24.81% of the stock is owned by institutional investors.
Gold Fields Price Performance
GFI traded down $0.91 on Monday, hitting $24.80. The company had a trading volume of 3,009,491 shares, compared to its average volume of 3,599,053. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $26.36. The stock has a fifty day simple moving average of $22.98 and a 200-day simple moving average of $19.32. The firm has a market capitalization of $22.20 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.30 and a beta of 0.55.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on GFI. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. HSBC reiterated a "hold" rating and set a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Scotiabank increased their target price on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Gold Fields currently has an average rating of "Hold" and a consensus target price of $18.56.
Read Our Latest Report on Gold Fields
About Gold Fields
(
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.
Further Reading
Before you consider Gold Fields, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gold Fields wasn't on the list.
While Gold Fields currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
