34,860 Shares in Gold Fields Limited $GFI Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ purchased a new stake in Gold Fields Limited (NYSE:GFI) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 34,860 shares of the company’s stock, valued at approximately $1,583,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GFI. CIBC Private Wealth Group LLC grew its stake in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after buying an additional 273 shares during the last quarter. Bayforest Capital Ltd grew its position in shares of Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after buying an additional 996 shares in the last quarter. Arax Advisory Partners increased its position in Gold Fields by 352.6% during the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after purchasing an additional 885 shares during the period. Mark Sheptoff Financial Planning LLC increased its holdings in Gold Fields by 24.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after buying an additional 300 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Gold Fields by 1,604.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company’s stock valued at $92,000 after acquiring an additional 1,973 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

Gold Fields stock opened at $35.35 on Friday. The firm has a 50 day simple moving average of $39.20 and a 200-day simple moving average of $45.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. Gold Fields Limited has a 1-year low of $23.24 and a 1-year high of $61.64.

Analysts Set New Price Targets

GFI has been the topic of several research analyst reports. Scotiabank dropped their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and lifted their price target for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.75.

Gold Fields Company 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.