Goldman Sachs Group Inc. Has $16.33 Million Position in Gold Fields Limited (NYSE:GFI)

Goldman Sachs Group Inc. lifted its holdings in shares of Gold Fields Limited (NYSE:GFI) by 145.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,129,278 shares of the company’s stock after buying an additional 669,819 shares during the period. Goldman Sachs Group Inc. owned about 0.13% of Gold Fields worth $16,329,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Virtu Financial LLC increased its position in shares of Gold Fields by 139.9% during the 4th quarter. Virtu Financial LLC now owns 69,867 shares of the company’s stock worth $1,010,000 after purchasing an additional 40,743 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in shares of Gold Fields in the 4th quarter valued at about $313,000. Seven Eight Capital LP increased its stake in shares of Gold Fields by 1,916.6% during the 4th quarter. Seven Eight Capital LP now owns 305,702 shares of the company’s stock worth $4,420,000 after purchasing an additional 290,543 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Gold Fields by 4.5% in the 4th quarter. Schroder Investment Management Group now owns 3,240,748 shares of the company’s stock valued at $46,861,000 after purchasing an additional 139,205 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Gold Fields by 133.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company’s stock valued at $68,000 after purchasing an additional 2,668 shares during the last quarter. Institutional investors own 26.02% of the company’s stock.

Gold Fields Price Performance

NYSE:GFI opened at $15.29 on Friday. Gold Fields Limited has a 52 week low of $10.31 and a 52 week high of $18.97. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $15.92 and its 200 day simple moving average is $15.11.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GFI shares. UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Scotiabank decreased their price objective on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, June 14th. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. lifted their target price 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. Finally, BMO Capital Markets raised shares of Gold Fields from an “underperform” rating to a “market perform” rating and increased their price target for the company from $13.50 to $14.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Gold Fields currently has a consensus rating of “Hold” and an average target price of $16.33.

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.