Ballentine Partners LLC Purchases 901 Shares of Gold Fields Limited (NYSE:GFI)

Ballentine Partners LLC grew its stake in shares of Gold Fields Limited (NYSE:GFI) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,017 shares of the company’s stock after buying an additional 901 shares during the quarter. Ballentine Partners LLC’s holdings in Gold Fields were worth $223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Gold Fields by 136.9% during the 4th quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock valued at $3,209,000 after buying an additional 128,262 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Gold Fields in the 4th quarter worth $3,017,000. Wellington Management Group LLP bought a new stake in Gold Fields in the 3rd quarter worth $2,046,000. Capricorn Fund Managers Ltd bought a new stake in Gold Fields in the 4th quarter worth $3,897,000. Finally, Seven Eight Capital LP bought a new stake in Gold Fields in the 3rd quarter worth $165,000. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Analyst Ratings Changes

GFI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. UBS Group lowered shares of Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Scotiabank reduced their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, June 14th. Finally, BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $13.50 to $14.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.33.

Gold Fields Trading Up 1.5 %

Shares of GFI opened at $15.16 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. Gold Fields Limited has a fifty-two week low of $10.31 and a fifty-two week high of $18.97. The firm’s 50-day simple moving average is $15.97 and its two-hundred day simple moving average is $15.11.

About Gold Fields

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.