Hsbc Holdings PLC Raises Stock Holdings in Gold Fields Limited $GFI

Hsbc Holdings PLC increased its holdings in shares of Gold Fields Limited (NYSE:GFI) by 138.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,152 shares of the company’s stock after acquiring an additional 64,492 shares during the quarter. Hsbc Holdings PLC’s holdings in Gold Fields were worth $4,856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GFI. Goldman Sachs Group Inc. increased its position in shares of Gold Fields by 69.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after purchasing an additional 1,794,124 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake 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 worth $265,700,000 after purchasing an additional 1,714,442 shares during the period. Man Group plc boosted its holdings in shares of Gold Fields by 63.7% in the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after buying an additional 1,421,121 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Gold Fields by 211.0% in the 4th quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock worth $78,231,000 after buying an additional 1,215,647 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Gold Fields by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after buying an additional 1,180,634 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Scotiabank decreased their price objective on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.75.

Gold Fields Trading Up 2.1%

Shares of NYSE:GFI opened at $33.52 on Friday. 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 Limited has a twelve month low of $22.40 and a twelve month high of $61.64. The company has a 50-day moving average price of $40.52 and a two-hundred day moving average price of $45.95.

Gold Fields 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.