Sprott Inc. Sells 596,647 Shares of Gold Fields Limited (NYSE:GFI)

Sprott Inc. lessened its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 98.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,307 shares of the company's stock after selling 596,647 shares during the quarter. Sprott Inc.'s holdings in Gold Fields were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. acquired a new stake in shares of Gold Fields in the third quarter valued at approximately $160,000. Concurrent Investment Advisors LLC boosted its position in Gold Fields by 8.3% in the 3rd 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 last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Gold Fields in the 3rd quarter valued at $209,000. Rhumbline Advisers raised 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 worth $229,000 after acquiring an additional 720 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Gold Fields by 90.7% during the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company's stock worth $254,000 after acquiring an additional 7,879 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GFI. Scotiabank lifted their price objective on Gold Fields from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research report on Wednesday, January 15th. Finally, StockNews.com raised shares of 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Gold Fields has a consensus rating of "Moderate Buy" and a consensus target price of $17.20.

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Gold Fields Stock Performance

GFI traded down $0.47 during midday trading on Friday, reaching $17.93. 4,823,715 shares of the company were exchanged, compared to its average volume of 2,986,643. The stock has a market capitalization of $16.05 billion, a P/E ratio of 7.63, a PEG ratio of 0.30 and a beta of 1.15. Gold Fields Limited has a one year low of $12.82 and a one year high of $19.80. The stock's 50-day simple moving average is $16.41 and its 200 day simple moving average is $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.