Gold Fields Limited $GFI Shares Sold by Russell Investments Group Ltd.

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

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Gold Fields by 47.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 15,756 shares of the company's stock worth $348,000 after purchasing an additional 5,102 shares during the last quarter. GAMMA Investing LLC lifted 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 buying an additional 649 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Gold Fields in the 1st quarter valued at $8,075,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Gold Fields in the 1st quarter worth $624,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Gold Fields in the 1st quarter worth $2,914,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Analyst Upgrades and Downgrades

GFI has been the topic of several analyst reports. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Canaccord Genuity Group started coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective for the company. 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 presently has an average rating of "Hold" and a consensus target price of $22.36.

Gold Fields Stock Up 1.1%

GFI traded up $0.32 on Thursday, hitting $30.20. 3,034,823 shares of the company were exchanged, compared to its average volume of 3,022,148. The firm has a 50-day moving average price of $26.04 and a two-hundred day moving average price of $23.02. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $31.77. The company has a market cap of $27.03 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42.

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.