101,210 Shares in Gold Fields Limited (GFI) Acquired by Sumitomo Mitsui Asset Management Company LTD
Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of Gold Fields Limited (NYSE:GFI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 101,210 shares of the company’s stock, valued at approximately $352,000.
Other large investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its position in Gold Fields Limited by 35.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 328,929 shares of the company’s stock worth $990,000 after buying an additional 85,471 shares in the last quarter. Creative Planning boosted its position in Gold Fields Limited by 511.5% in the first quarter. Creative Planning now owns 34,245 shares of the company’s stock worth $121,000 after buying an additional 28,645 shares in the last quarter. Bank of Montreal Can boosted its position in Gold Fields Limited by 8.5% in the first quarter. Bank of Montreal Can now owns 172,078 shares of the company’s stock worth $607,000 after buying an additional 13,472 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Gold Fields Limited during the first quarter worth approximately $1,693,000. Finally, Sigma Planning Corp acquired a new position in Gold Fields Limited during the first quarter worth approximately $395,000. Institutional investors and hedge funds own 35.12% of the company’s stock.
Gold Fields Limited (GFI) opened at 4.14 on Friday. The firm has a market capitalization of $3.40 billion, a PE ratio of 20.70 and a beta of -1.03. The company has a 50-day moving average price of $3.78 and a 200-day moving average price of $3.58. Gold Fields Limited has a 12-month low of $2.60 and a 12-month high of $6.50.
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GFI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Gold Fields Limited from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a report on Tuesday, June 27th. BidaskClub cut Gold Fields Limited from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) upgraded Gold Fields Limited from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $3.44 to $3.41 in a report on Thursday, June 29th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Gold Fields Limited presently has a consensus rating of “Hold” and a consensus price target of $3.71.
Gold Fields Limited Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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