Resolute Wealth Strategies LLC Invests $490,000 in Gold Fields Limited (NYSE:GFI)

Key Points

• Resolute Wealth Strategies LLC purchased 22,204 shares of Gold Fields Limited, valued at approximately $490,000, indicating confidence in the mining company's potential.
• Several institutional investors have also increased their stakes in Gold Fields during the first quarter, reflecting growing interest in the stock amid rising gold prices.
• Gold Fields currently has an average rating of "Hold" from analysts, with target prices ranging from $19.70 to $23.00, suggesting a cautious outlook on the stock's performance.

Resolute Wealth Strategies LLC bought a new position in Gold Fields Limited (NYSE:GFI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,204 shares of the company's stock, valued at approximately $490,000.

Other large investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new position in Gold Fields in the first quarter worth $26,000. GAMMA Investing LLC boosted its holdings in shares of Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after buying an additional 649 shares during the period. Blue Trust Inc. grew its position in 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Gold Fields during the fourth quarter worth $139,000. Finally, Parallel Advisors LLC lifted its position in shares of Gold Fields by 24.1% in the first quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock valued at $148,000 after buying an additional 1,298 shares during the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Stock Performance

GFI stock traded down $0.40 during mid-day trading on Wednesday, hitting $24.92. The company had a trading volume of 894,196 shares, compared to its average volume of 3,403,792. The stock's fifty day moving average price is $24.17 and its two-hundred day moving average price is $21.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $26.36. The firm has a market cap of $22.30 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.27 and a beta of 0.54.

Wall Street Analyst Weigh In

GFI has been the subject of a number of research analyst reports. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a report on Thursday, April 17th. 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. Canaccord Genuity Group assumed coverage on shares of Gold Fields in a research note on Monday. They issued a "buy" rating and a $33.00 price objective on the stock. Scotiabank upped their price target on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, HSBC reiterated a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $22.36.

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.