GAMMA Investing LLC Grows Position in Gold Fields Limited (NYSE:GFI)

GAMMA Investing LLC grew its stake in shares of Gold Fields Limited (NYSE:GFI) by 78.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,098 shares of the company’s stock after purchasing an additional 1,361 shares during the period. GAMMA Investing LLC’s holdings in Gold Fields were worth $49,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. RWC Asset Advisors US LLC boosted its holdings in Gold Fields by 19.3% during the fourth quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock worth $185,243,000 after buying an additional 2,070,427 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Gold Fields by 3,507.0% during the 3rd quarter. Deutsche Bank AG now owns 1,272,869 shares of the company’s stock worth $13,823,000 after acquiring an additional 1,237,580 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Gold Fields by 145.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock worth $16,329,000 after acquiring an additional 669,819 shares during the period. Artisan Partners Limited Partnership purchased a new position in Gold Fields in the 4th quarter valued at approximately $7,889,000. Finally, RWC Asset Management LLP raised its holdings in Gold Fields by 16.6% during the fourth quarter. RWC Asset Management LLP now owns 3,052,875 shares of the company’s stock worth $44,145,000 after purchasing an additional 435,175 shares during the last quarter. 26.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GFI has been the subject of a number of research analyst reports. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. UBS Group cut shares of Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. BMO Capital Markets lowered their price target on shares of Gold Fields from $14.00 to $13.50 and set an “underperform” rating on the stock in a research report on Friday, June 14th. JPMorgan Chase & Co. lifted their price objective on Gold Fields from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, Scotiabank reduced their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Friday, June 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Gold Fields presently has a consensus rating of “Hold” and a consensus target price of $16.17.

Gold Fields Stock Up 2.2 %

Shares of NYSE GFI opened at $15.01 on Tuesday. The company has a 50-day simple moving average of $16.07 and a 200-day simple moving average of $15.10. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. Gold Fields Limited has a 12 month low of $10.31 and a 12 month high of $18.97.

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.