Stratos Wealth Partners LTD. Takes $624,000 Position in Gold Fields Limited (NYSE:GFI)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of GFI. Marshall Wace LLP boosted its position in shares of Gold Fields by 1,594.7% during the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock valued at $27,913,000 after acquiring an additional 1,989,849 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Gold Fields by 153.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock valued at $32,832,000 after acquiring an additional 900,317 shares during the last quarter. Man Group plc boosted its position in shares of Gold Fields by 119.9% during the 4th quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after acquiring an additional 772,928 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Gold Fields during the 4th quarter valued at approximately $9,033,000. Finally, PKO Investment Management Joint Stock Co bought a new position in shares of Gold Fields during the 4th quarter valued at approximately $5,346,000. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Up 0.8%

Shares of GFI opened at $24.14 on Monday. The company has a market cap of $21.61 billion, a PE ratio of 10.27, a P/E/G ratio of 0.26 and a beta of 0.54. The business has a fifty day moving average of $23.42 and a 200 day moving average of $20.65. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $26.36. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GFI shares. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. HSBC restated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Scotiabank raised their price target 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. Finally, Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $19.70.

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.

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