Foundations Investment Advisors LLC Takes Position in Gold Fields Limited $GFI

Foundations Investment Advisors LLC bought a new stake in shares of Gold Fields Limited (NYSE:GFI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,139 shares of the company’s stock, valued at approximately $836,000.

Several other large investors have also recently modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of Gold Fields by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after purchasing an additional 539,923 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Gold Fields by 39.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after purchasing an additional 1,714,442 shares during the last quarter. American Century Companies Inc. increased its position in shares of Gold Fields by 24.3% during the 3rd quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock valued at $173,584,000 after purchasing an additional 809,816 shares during the last quarter. Clark Capital Management Group Inc. increased its position in shares of Gold Fields by 1.9% during the 3rd quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock valued at $96,424,000 after purchasing an additional 41,889 shares during the last quarter. Finally, Man Group plc increased its position in shares of Gold Fields by 59.9% during the 3rd quarter. Man Group plc now owns 2,229,678 shares of the company’s stock valued at $93,557,000 after purchasing an additional 835,581 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GFI shares. Scotiabank dropped their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday. Finally, Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and boosted their price objective for the company from $40.25 to $57.25 in a report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and a consensus target price of $49.75.

Gold Fields Stock Up 0.1%

Shares of GFI stock opened at $39.90 on Monday. Gold Fields Limited has a twelve month low of $22.39 and a twelve month high of $61.64. The stock has a fifty day simple moving average of $44.01 and a two-hundred day simple moving average of $46.66. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Gold Fields Company Profile

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.