U S Global Investors Inc. Makes New Investment in Gold Fields Limited (NYSE:GFI)

U S Global Investors Inc. acquired a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 75,000 shares of the company's stock, valued at approximately $990,000.

Several other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in 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 purchasing 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 position in Gold Fields during the 3rd quarter worth approximately $9,911,000. Massachusetts Financial Services Co. MA boosted its position 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 valued at $94,492,000 after buying an additional 580,546 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Gold Fields by 78.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock worth $7,735,000 after buying an additional 257,081 shares during the last quarter. Finally, RWC Asset Management LLP increased its holdings in shares of Gold Fields by 9.2% during the fourth quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock worth $35,784,000 after buying an additional 227,704 shares in the last quarter. 24.81% of the stock is owned by institutional investors.

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Gold Fields Price Performance

Shares of Gold Fields stock traded up $0.62 during midday trading on Tuesday, reaching $19.03. The company had a trading volume of 3,022,473 shares, compared to its average volume of 2,965,090. The firm has a market cap of $17.03 billion, a PE ratio of 8.10, a P/E/G ratio of 0.30 and a beta of 1.15. The stock has a fifty day moving average price of $16.51 and a 200 day moving average price of $15.64. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $19.80.

Wall Street Analyst Weigh In

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