Stratos Wealth Partners LTD. Purchases Shares of 28,266 Gold Fields Limited (NYSE:GFI)

Stratos Wealth Partners LTD. purchased a new stake in Gold Fields Limited (NYSE:GFI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 28,266 shares of the company's stock, valued at approximately $624,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GFI. Bank of New York Mellon Corp boosted its holdings in shares of Gold Fields by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 45,442 shares of the company's stock valued at $600,000 after acquiring an additional 6,974 shares during the period. US Bancorp DE raised its position in Gold Fields by 18.9% in the fourth quarter. US Bancorp DE now owns 11,484 shares of the company's stock worth $152,000 after acquiring an additional 1,829 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Gold Fields in the fourth quarter valued at $362,000. HighTower Advisors LLC increased its position in shares of Gold Fields by 0.5% in the fourth quarter. HighTower Advisors LLC now owns 105,174 shares of the company's stock valued at $1,388,000 after buying an additional 573 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Gold Fields in the fourth quarter valued at $141,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. HSBC reiterated a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Scotiabank lifted their price objective on Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Gold Fields currently has a consensus rating of "Hold" and an average target price of $19.70.

Gold Fields Price Performance

Gold Fields stock traded up $0.06 during midday trading on Thursday, reaching $24.01. 2,595,149 shares of the company were exchanged, compared to its average volume of 2,554,567. The company has a market capitalization of $21.49 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 0.26 and a beta of 0.54. The firm's 50-day simple moving average is $23.52 and its 200-day simple moving average is $20.85. Gold Fields Limited has a 1 year low of $12.98 and a 1 year 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.

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.