Principal Financial Group Inc. Buys 12,972 Shares of Gold Fields Limited (NYSE:GFI)

Principal Financial Group Inc. raised its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 35.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,803 shares of the company's stock after acquiring an additional 12,972 shares during the quarter. Principal Financial Group Inc.'s holdings in Gold Fields were worth $1,100,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GFI. Bank of New York Mellon Corp boosted its position in shares of Gold Fields by 18.1% in the 4th quarter. Bank of New York Mellon Corp now owns 45,442 shares of the company's stock worth $600,000 after purchasing an additional 6,974 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Gold Fields in the 4th quarter worth $362,000. HighTower Advisors LLC boosted its position in shares of Gold Fields by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock worth $1,388,000 after purchasing an additional 573 shares during the last quarter. Signaturefd LLC raised its position in shares of Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after acquiring an additional 1,656 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Gold Fields by 6.4% in the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock valued at $39,283,000 after acquiring an additional 178,973 shares during the period. 24.81% of the stock is owned by institutional investors.

Gold Fields Stock Performance

GFI stock traded up $0.52 during midday trading on Tuesday, reaching $25.96. 1,291,754 shares of the company were exchanged, compared to its average volume of 3,446,625. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73. The business has a 50-day moving average price of $23.55 and a two-hundred day moving average price of $21.02. Gold Fields Limited has a one year low of $12.98 and a one year high of $26.36. The firm has a market capitalization of $23.23 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.26 and a beta of 0.54.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. HSBC reaffirmed a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Scotiabank raised their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, Wall Street Zen downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Four 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 $19.70.

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.