Gold Fields Limited (NYSE:GFI) is RWC Asset Advisors US LLC's Largest Position

RWC Asset Advisors US LLC lessened its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,770,658 shares of the company's stock after selling 796,109 shares during the quarter. Gold Fields makes up 17.8% of RWC Asset Advisors US LLC's portfolio, making the stock its biggest position. RWC Asset Advisors US LLC owned 0.76% of Gold Fields worth $89,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GFI. Van ECK Associates Corp raised its holdings in shares of Gold Fields by 3.3% during the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company's stock valued at $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 purchased a new stake in Gold Fields in the third quarter worth $9,911,000. Massachusetts Financial Services Co. MA grew its stake 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 during the period. Robeco Institutional Asset Management B.V. grew 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 worth $7,735,000 after purchasing an additional 257,081 shares during the period. Finally, ABC Arbitrage SA purchased a new stake in shares of Gold Fields in the fourth quarter worth $1,641,000. Institutional investors own 24.81% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Scotiabank increased their target price on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Finally, StockNews.com raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $17.20.

Gold Fields Stock Performance

Shares of NYSE GFI traded down $0.73 during trading on Thursday, hitting $18.39. The company had a trading volume of 3,730,840 shares, compared to its average volume of 2,938,201. The stock has a 50 day simple moving average of $16.23 and a 200 day simple moving average of $15.58. Gold Fields Limited has a 12 month low of $12.34 and a 12 month high of $19.80. The firm has a market capitalization of $16.46 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15.

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.