Sei Investments Co. Has $22.59 Million Holdings in Gold Fields Limited $GFI

Sei Investments Co. increased its position in shares of Gold Fields Limited (NYSE:GFI) by 76.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 497,600 shares of the company’s stock after buying an additional 215,774 shares during the period. Sei Investments Co.’s holdings in Gold Fields were worth $22,591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Gold Fields during the first quarter valued at $25,000. CIBC Private Wealth Group LLC raised its position in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares in the last quarter. Bayforest Capital Ltd raised its position in shares of Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after acquiring an additional 996 shares in the last quarter. Arax Advisory Partners lifted its stake in shares of Gold Fields by 352.6% in 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. Finally, NewEdge Advisors LLC lifted its stake in shares of Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after purchasing an additional 2,152 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of GFI opened at $32.66 on Wednesday. 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 has a 50-day moving average of $35.63 and a 200-day moving average of $44.21. Gold Fields Limited has a one year low of $24.11 and a one year high of $61.64.

Wall Street Analyst Weigh In

Several research firms recently commented on GFI. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Wall Street Zen raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.