Sumitomo Mitsui Trust Group Inc. Buys New Position in Gold Fields Limited $GFI

Sumitomo Mitsui Trust Group Inc. purchased a new position in Gold Fields Limited (NYSE:GFI) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,408 shares of the company’s stock, valued at approximately $1,199,000.

Several other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Gold Fields by 43.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock valued at $10,698,000 after purchasing an additional 74,539 shares during the period. Dorsey Wright & Associates purchased a new stake in Gold Fields during the 3rd quarter worth $2,758,000. Sigma Planning Corp increased its stake in Gold Fields by 203.7% during the 4th quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock worth $2,419,000 after buying an additional 37,161 shares during the period. PKO Investment Management Joint Stock Co lifted its holdings in Gold Fields by 11.9% in the 4th quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock worth $13,949,000 after buying an additional 34,000 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Gold Fields by 39.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock worth $265,700,000 after buying an additional 1,714,442 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Down 1.1%

GFI stock opened at $32.96 on Thursday. The stock’s 50 day simple moving average is $37.59 and its 200 day simple moving average is $44.99. Gold Fields Limited has a 12-month low of $23.41 and a 12-month high of $61.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

Analysts Set New Price Targets

A number of brokerages have weighed in on GFI. Scotiabank lowered their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research note on Tuesday. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada decreased their price target on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and a consensus price target of $49.18.

About Gold Fields

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.