Lazard Asset Management LLC Boosts Stock Position in Gold Fields Limited $GFI

Lazard Asset Management LLC boosted its position in Gold Fields Limited (NYSE:GFI) by 8.5% in the 1st quarter, HoldingsChannel reports. The firm owned 1,280,861 shares of the company’s stock after purchasing an additional 99,983 shares during the period. Lazard Asset Management LLC’s holdings in Gold Fields were worth $58,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of Gold Fields by 69.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after buying an additional 1,794,124 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Gold Fields by 39.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock worth $265,700,000 after acquiring an additional 1,714,442 shares during the last quarter. Man Group plc grew its stake in Gold Fields by 63.7% in the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after acquiring an additional 1,421,121 shares during the period. AQR Capital Management LLC grew its stake in Gold Fields by 211.0% in the 4th quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock worth $78,231,000 after acquiring an additional 1,215,647 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Gold Fields by 3.4% in the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after acquiring an additional 1,180,634 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

NYSE:GFI opened at $32.90 on Tuesday. The firm’s fifty day simple moving average is $35.75 and its 200 day simple moving average is $44.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. Gold Fields Limited has a twelve month low of $24.11 and a twelve month high of $61.64.

Analysts Set New Price Targets

Several research firms have recently issued reports on GFI. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. 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 report on Friday, April 24th. Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Scotiabank decreased their target price on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada dropped their price objective on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $47.75.

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.