Principal Financial Group Inc. Raises Stake in Gold Fields Limited (NYSE:GFI)

Principal Financial Group Inc. increased its holdings 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,803 shares of the company's stock after buying an additional 12,972 shares during the period. Principal Financial Group Inc.'s holdings in Gold Fields were worth $1,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Gold Fields by 47.9% in the first quarter. Sequoia Financial Advisors LLC now owns 15,756 shares of the company's stock valued at $348,000 after buying an additional 5,102 shares during the period. GAMMA Investing LLC raised its position in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after acquiring an additional 649 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Gold Fields during the fourth quarter worth $362,000. Assenagon Asset Management S.A. bought a new position in shares of Gold Fields in the first quarter valued at about $2,914,000. Finally, Blue Trust Inc. raised its position in shares of Gold Fields by 67.1% in the first quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock valued at $90,000 after purchasing an additional 1,627 shares during the period. 24.81% of the stock is owned by institutional investors.

Gold Fields Trading Down 2.2%

Shares of NYSE:GFI traded down $0.58 during mid-day trading on Wednesday, hitting $25.21. The company had a trading volume of 2,490,637 shares, compared to its average volume of 2,524,754. The firm has a fifty day moving average price of $23.87 and a 200 day moving average price of $21.17. The company has a market capitalization of $22.56 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.28 and a beta of 0.54. 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 one year low of $12.98 and a one year high of $26.36.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GFI shares. 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 report on Monday, April 14th. HSBC reissued a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Finally, Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus 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.