Blue Trust Inc. Sells 63,139 Shares of Gold Fields Limited (NYSE:GFI)

Blue Trust Inc. lessened its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 96.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,426 shares of the company's stock after selling 63,139 shares during the period. Blue Trust Inc.'s holdings in Gold Fields were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Gold Fields by 3.3% in the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company's stock worth $744,566,000 after acquiring an additional 1,549,372 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Gold Fields during the third quarter worth approximately $9,911,000. Massachusetts Financial Services Co. MA increased its holdings in Gold Fields by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock worth $94,492,000 after purchasing an additional 580,546 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Gold Fields by 78.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock valued at $7,735,000 after buying an additional 257,081 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Gold Fields by 8.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock worth $21,194,000 after buying an additional 122,247 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Scotiabank lifted their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.20.

Gold Fields Trading Up 1.9 %

Shares of GFI traded up $0.35 on Monday, reaching $18.32. The company's stock had a trading volume of 2,141,860 shares, compared to its average volume of 2,961,926. The stock has a market capitalization of $16.40 billion, a PE ratio of 7.80, a PEG ratio of 0.30 and a beta of 1.15. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $19.80. The firm has a fifty day moving average of $16.41 and a 200-day moving average of $15.62.

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.