Wellington Management Group LLP Makes New $2.89 Million Investment in Gold Fields Limited (NYSE:GFI)

Wellington Management Group LLP purchased a new stake in Gold Fields Limited (NYSE:GFI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 218,623 shares of the company's stock, valued at approximately $2,886,000.

Other large investors have also made changes to their positions in the company. DJE Kapital AG acquired a new position in Gold Fields in the 4th quarter valued at about $33,486,000. Marshall Wace LLP raised 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 buying an additional 1,989,849 shares during the period. Man Group plc raised 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 buying an additional 772,928 shares during the period. Silvercrest Asset Management Group LLC acquired a new position in Gold Fields in the fourth quarter valued at approximately $9,033,000. Finally, PKO Investment Management Joint Stock Co purchased a new position in Gold Fields in the fourth quarter worth approximately $5,346,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Price Performance

Shares of GFI stock traded down $0.81 on Friday, hitting $24.61. The stock had a trading volume of 3,312,657 shares, compared to its average volume of 3,643,417. The company's 50 day moving average price is $22.48 and its 200-day moving average price is $18.78. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $26.36. The firm has a market capitalization of $22.03 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.30 and a beta of 0.57.

Wall Street Analyst Weigh In

A number of research firms have commented on GFI. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Scotiabank boosted their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. HSBC reaffirmed a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Gold Fields has a consensus rating of "Hold" and a consensus price target of $18.56.

Gold Fields Company 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.