RWC Asset Management LLP Boosts Stake in Gold Fields Limited (NYSE:GFI)

RWC Asset Management LLP raised its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,710,910 shares of the company's stock after buying an additional 227,704 shares during the period. Gold Fields comprises approximately 1.8% of RWC Asset Management LLP's investment portfolio, making the stock its 14th biggest position. RWC Asset Management LLP owned 0.30% of Gold Fields worth $35,784,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GFI. QRG Capital Management Inc. purchased a new position in shares of Gold Fields during the third quarter valued at approximately $160,000. Concurrent Investment Advisors LLC boosted its position in shares of Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock valued at $170,000 after buying an additional 850 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Gold Fields during the third quarter valued at approximately $209,000. Rhumbline Advisers boosted its position in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after buying an additional 720 shares during the period. Finally, Rakuten Securities Inc. boosted its holdings in shares of 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 purchasing an additional 7,879 shares during the period. Hedge funds and other institutional investors own 24.81% of the company's stock.

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Gold Fields Stock Performance

Shares of NYSE GFI traded down $0.73 during mid-day trading on Thursday, hitting $18.39. The stock had a trading volume of 3,730,840 shares, compared to its average volume of 2,938,201. The company has a 50 day moving average of $16.23 and a two-hundred day moving average of $15.58. Gold Fields Limited has a twelve month low of $12.34 and a twelve month high of $19.80. The firm has a market cap of $16.46 billion, a PE ratio of 7.83, a PEG ratio of 0.30 and a beta of 1.15.

Wall Street Analysts Forecast Growth

GFI has been the subject of a number of research reports. Scotiabank boosted their price target on Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on 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 report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.20.

About Gold Fields

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.