Gold Fields Limited $GFI Shares Bought by Qtron Investments LLC

Key Points

• Qtron Investments LLC increased its stake in Gold Fields Limited by 56.5% in the first quarter, acquiring an additional 9,015 shares for a total of 24,971 shares valued at approximately $552,000.
• Several other institutional investors also made significant purchases of Gold Fields shares, collectively owning 24.81% of the stock, indicating strong investor interest.
• Despite a recent downgrade from a "strong-buy" to a "buy" rating by Wall Street Zen, Gold Fields has a consensus rating of "Moderate Buy" among analysts, with a target price of $22.36.

Qtron Investments LLC lifted its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 56.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 24,971 shares of the company's stock after buying an additional 9,015 shares during the period. Qtron Investments LLC's holdings in Gold Fields were worth $552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Gold Fields during the fourth quarter worth approximately $362,000. Mariner LLC increased its position in Gold Fields by 34.3% during the fourth quarter. Mariner LLC now owns 20,375 shares of the company's stock worth $269,000 after purchasing an additional 5,204 shares during the last quarter. First Trust Advisors LP increased its position in Gold Fields by 9.4% during the fourth quarter. First Trust Advisors LP now owns 27,944 shares of the company's stock worth $369,000 after purchasing an additional 2,412 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Gold Fields during the fourth quarter worth approximately $155,000. Finally, Aquatic Capital Management LLC acquired a new position in Gold Fields during the fourth quarter worth approximately $2,357,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group assumed coverage on shares of Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price target for the company. Wall Street Zen raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.36.

Gold Fields Trading Up 2.9%

Shares of Gold Fields stock traded up $0.89 during trading hours on Friday, hitting $31.15. The company's stock had a trading volume of 4,160,426 shares, compared to its average volume of 3,094,375. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $31.77. The business has a fifty day moving average of $26.15 and a 200 day moving average of $23.18. The company has a market capitalization of $27.88 billion, a PE ratio of 13.26, a P/E/G ratio of 0.33 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40.

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.