Russell Investments Group Ltd. Has $24.65 Million Position in Gold Fields Limited $GFI

Key Points

• Russell Investments Group Ltd. has reduced its holdings in Gold Fields Limited (NYSE:GFI) by 18%, now owning 1,116,087 shares worth approximately $24.65 million.
• Multiple hedge funds, including GAMMA Investing LLC and Parallel Advisors LLC, have increased their stakes in Gold Fields during the first quarter, showcasing growing institutional interest.
• Analysts have mixed ratings for Gold Fields, with Wall Street Zen downgrading it from "strong-buy" to "buy," while Canaccord Genuity maintains a "buy" rating with a price target of $33.00.

Russell Investments Group Ltd. cut its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 18.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,116,087 shares of the company's stock after selling 244,298 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Gold Fields worth $24,654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GFI. Marshall Wace LLP raised its holdings in Gold Fields by 1,594.7% in the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock valued at $27,913,000 after acquiring an additional 1,989,849 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Gold Fields by 153.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock valued at $32,832,000 after acquiring an additional 900,317 shares in the last quarter. Man Group plc raised its holdings in Gold Fields by 119.9% in the 4th quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after acquiring an additional 772,928 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new position in shares of Gold Fields during the 4th quarter worth $9,033,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Gold Fields by 169.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 931,777 shares of the company's stock worth $20,583,000 after buying an additional 585,950 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Price Performance

GFI traded up $0.49 on Thursday, reaching $30.37. The stock had a trading volume of 1,049,663 shares, compared to its average volume of 3,380,063. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $31.77. The firm has a 50-day moving average of $25.94 and a 200-day moving average of $22.94. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $27.18 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.31 and a beta of 0.42.

Wall Street Analyst Weigh In

GFI has been the subject of a number of research analyst reports. Canaccord Genuity Group initiated coverage on Gold Fields in a report on Monday, July 28th. They set a "buy" rating and a $33.00 price target for the company. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Gold Fields currently has a consensus rating of "Hold" 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.