Y Intercept Hong Kong Ltd acquired a new stake in Gold Fields Limited (NYSE:GFI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,729 shares of the company's stock, valued at approximately $1,422,000.
A number of other large investors have also recently added to or reduced their stakes in GFI. QRG Capital Management Inc. acquired a new position in Gold Fields in the third quarter valued at approximately $160,000. Concurrent Investment Advisors LLC lifted its holdings in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock valued at $170,000 after acquiring an additional 850 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Gold Fields in the third quarter valued at approximately $209,000. Rhumbline Advisers lifted its holdings in Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after acquiring an additional 720 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in Gold Fields by 90.7% in the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company's stock valued at $254,000 after acquiring an additional 7,879 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Friday, February 21st. Scotiabank boosted their target price on Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Gold Fields has an average rating of "Moderate Buy" and an average target price of $17.20.
Read Our Latest Report on Gold Fields
Gold Fields Stock Down 2.6 %
NYSE GFI traded down $0.47 on Friday, reaching $17.93. The stock had a trading volume of 4,823,715 shares, compared to its average volume of 2,986,643. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 7.63, a P/E/G ratio of 0.30 and a beta of 1.15. Gold Fields Limited has a 12-month low of $12.82 and a 12-month high of $19.80. The stock has a fifty day moving average price of $16.41 and a two-hundred day moving average price of $15.62.
Gold Fields Company Profile
(
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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