Gold Fields Limited $GFI Holdings Lifted by RWC Asset Management LLP

RWC Asset Management LLP boosted its holdings in shares of Gold Fields Limited (NYSE:GFI) by 16.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,335,993 shares of the company’s stock after purchasing an additional 183,821 shares during the period. Gold Fields comprises approximately 2.9% of RWC Asset Management LLP’s holdings, making the stock its 5th largest holding. RWC Asset Management LLP’s holdings in Gold Fields were worth $58,329,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GFI. Millennium Management LLC increased its holdings in Gold Fields by 20.3% during the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after purchasing an additional 32,343 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after acquiring an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Gold Fields during the 1st quarter worth approximately $236,000. Jones Financial Companies Lllp purchased a new position in shares of Gold Fields during the 1st quarter worth approximately $268,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Gold Fields by 183.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after acquiring an additional 1,900 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

Gold Fields stock opened at $36.52 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The stock’s 50 day moving average is $43.74 and its 200 day moving average is $46.54. Gold Fields Limited has a twelve month low of $22.40 and a twelve month high of $61.64.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GFI shares. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and upped their target price for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Scotiabank reduced their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Gold Fields presently has an average rating of “Hold” and an average target price of $49.75.

Gold Fields Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.