RWC Asset Management LLP Lowers Position in Gold Fields Limited (NYSE:GFI)

Key Points

• RWC Asset Management LLP reduced its stake in Gold Fields Limited by 36.5%, owning 1,722,582 shares after selling 988,328 shares, which constitutes 2.0% of its portfolio worth approximately $38.05 million.
• Other investors have also increased their holdings, such as Massachusetts Financial Services Co. MA, which raised its stake by 1.0%, now owning 4,507,327 shares valued at $99.57 million.
• Gold Fields has a market capitalization of $22.18 billion and operates in several countries, with recent analyst ratings reflecting a combination of holds and buys with an average price target of $19.70.

RWC Asset Management LLP decreased its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 36.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,722,582 shares of the company's stock after selling 988,328 shares during the period. Gold Fields comprises about 2.0% of RWC Asset Management LLP's holdings, making the stock its 14th largest holding. RWC Asset Management LLP owned about 0.19% of Gold Fields worth $38,052,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GFI. GAMMA Investing LLC boosted its holdings in shares of Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after buying an additional 649 shares in the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of Gold Fields by 4.9% during the first quarter. Bridgewater Advisors Inc. now owns 20,021 shares of the company's stock valued at $441,000 after purchasing an additional 934 shares during the last quarter. Richardson Financial Services Inc. purchased a new position in Gold Fields during the first quarter valued at $26,000. Parallel Advisors LLC grew its stake 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 worth $148,000 after acquiring an additional 1,298 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of Gold Fields by 3.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 37,971 shares of the company's stock worth $839,000 after purchasing an additional 1,357 shares during the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

GFI stock traded down $0.17 during trading on Thursday, hitting $24.29. 1,034,849 shares of the company's stock traded hands, compared to its average volume of 3,398,967. The business has a fifty day simple moving average of $24.22 and a 200 day simple moving average of $21.53. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $26.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. The stock has a market capitalization of $21.74 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.27 and a beta of 0.54.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GFI. Wall Street Zen downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. HSBC reiterated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a report on Thursday, April 17th. Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Scotiabank increased their price objective 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, Canaccord Genuity Group began coverage on shares of Gold Fields in a research note on Monday. They set a "buy" rating and a $33.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Gold Fields presently has a consensus 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.