Gold Fields Limited (NYSE:GFI) is RWC Asset Advisors US LLC's Largest Position

Key Points

• RWC Asset Advisors US LLC reduced its position in Gold Fields Limited (NYSE:GFI) by 25.3%, now owning over 5 million shares, which represent 20.4% of its portfolio.
• Several institutional investors have increased their holdings in Gold Fields, including Mitsubishi UFJ Trust & Banking Corp which raised its stake by 177.5% during the last quarter.
• Current market analysts have a consensus rating of "Hold" for Gold Fields, with a target price averaging $19.70 after recent adjustments from firms like Scotiabank.

RWC Asset Advisors US LLC lowered its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 25.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,058,302 shares of the company's stock after selling 1,712,356 shares during the period. Gold Fields comprises 20.4% of RWC Asset Advisors US LLC's holdings, making the stock its largest holding. RWC Asset Advisors US LLC owned about 0.57% of Gold Fields worth $111,738,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GFI. Resolute Wealth Strategies LLC acquired a new stake in shares of Gold Fields during the first quarter worth $490,000. TD Asset Management Inc increased its position in shares of Gold Fields by 6.8% during the first quarter. TD Asset Management Inc now owns 303,250 shares of the company's stock worth $6,699,000 after buying an additional 19,372 shares during the period. Cetera Investment Advisers grew its holdings in Gold Fields by 322.8% in the first quarter. Cetera Investment Advisers now owns 77,159 shares of the company's stock worth $1,704,000 after purchasing an additional 58,908 shares during the period. Richardson Financial Services Inc. acquired a new stake in Gold Fields in the first quarter worth $26,000. Finally, Bridgewater Advisors Inc. grew its holdings in Gold Fields by 4.9% in the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock worth $441,000 after purchasing an additional 934 shares during the period. Institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

GFI stock traded down $0.40 during midday trading on Wednesday, reaching $24.92. The company had a trading volume of 894,196 shares, compared to its average volume of 3,403,792. 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 1 year low of $12.98 and a 1 year high of $26.36. The company has a market capitalization of $22.30 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.27 and a beta of 0.54. The firm has a 50-day moving average price of $24.17 and a 200-day moving average price of $21.51.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. HSBC restated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Scotiabank lifted their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, Canaccord Genuity Group started coverage on Gold Fields in a research note on Monday. They issued a "buy" rating and a $33.00 price objective on the stock. Four 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.