Wellington Management Group LLP bought a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 218,623 shares of the company's stock, valued at approximately $2,886,000.
Several other institutional investors and hedge funds have also made changes to their positions in GFI. ABC Arbitrage SA acquired a new position in Gold Fields in the 4th quarter worth $1,641,000. Raymond James Financial Inc. purchased a new stake in shares of Gold Fields during the fourth quarter worth about $362,000. Rhumbline Advisers lifted its stake in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock worth $229,000 after acquiring an additional 720 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Gold Fields by 8.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock valued at $21,194,000 after purchasing an additional 122,247 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in Gold Fields during the 4th quarter valued at approximately $2,475,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.
Gold Fields Price Performance
GFI traded down $0.81 during trading hours on Friday, hitting $24.61. 3,312,657 shares of the stock were exchanged, compared to its average volume of 3,643,417. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 0.30 and a beta of 0.55. The stock has a 50-day simple moving average of $22.52 and a 200-day simple moving average of $18.90. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $26.36.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on GFI. 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. Scotiabank upped their price target 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 Global Res raised shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Gold Fields has a consensus rating of "Hold" and an average price target of $18.56.
Check Out Our Latest Analysis on Gold Fields
About Gold Fields
(
Free Report)
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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