SG Americas Securities LLC Buys 92,966 Shares of Gold Fields Limited (NYSE:GFI)

SG Americas Securities LLC increased its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 105.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,956 shares of the company's stock after buying an additional 92,966 shares during the quarter. SG Americas Securities LLC's holdings in Gold Fields were worth $3,997,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after buying an additional 649 shares during the period. Range Financial Group LLC raised its stake in Gold Fields by 52.3% during the 1st quarter. Range Financial Group LLC now owns 88,813 shares of the company's stock worth $1,962,000 after buying an additional 30,485 shares during the period. Park Avenue Securities LLC acquired a new stake in Gold Fields during the 1st quarter worth $1,096,000. Parallel Advisors LLC raised its stake in Gold Fields by 24.1% during the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock worth $148,000 after buying an additional 1,298 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in Gold Fields during the 4th quarter worth $2,886,000. Institutional investors and hedge funds own 24.81% of the company's stock.

Analysts Set New Price Targets

GFI has been the topic of several research analyst reports. HSBC reaffirmed a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a report on Thursday, April 17th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Finally, Scotiabank increased their target price on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.56.

Gold Fields Stock Down 2.3%

Shares of NYSE GFI traded down $0.58 during mid-day trading on Tuesday, hitting $24.24. The company had a trading volume of 3,253,520 shares, compared to its average volume of 2,784,640. The company has a market capitalization of $21.70 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.29 and a beta of 0.55. The firm has a 50-day simple moving average of $23.03 and a two-hundred day simple moving average of $19.36. 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 one year low of $12.98 and a one year high of $26.36.

About Gold Fields

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.