Allspring Global Investments Holdings LLC Grows Stock Holdings in Gold Fields Limited $GFI

Allspring Global Investments Holdings LLC grew its stake in Gold Fields Limited (NYSE:GFI) by 62.3% during the first quarter, Holdings Channel.com reports. The fund owned 2,371,649 shares of the company’s stock after purchasing an additional 910,580 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Gold Fields were worth $114,147,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Gold Fields by 43.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock worth $10,698,000 after buying an additional 74,539 shares during the period. PKO Investment Management Joint Stock Co grew its position in shares of Gold Fields by 11.9% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock worth $13,949,000 after buying an additional 34,000 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Gold Fields by 203.7% during the fourth quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock valued at $2,419,000 after buying an additional 37,161 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Gold Fields by 39.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after buying an additional 1,714,442 shares during the period. Finally, Gabelli Funds LLC raised its holdings in shares of Gold Fields by 4.8% in the fourth quarter. Gabelli Funds LLC now owns 392,100 shares of the company’s stock valued at $17,119,000 after acquiring an additional 18,100 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Royal Bank Of Canada lowered their price target on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Scotiabank dropped their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Finally, Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.75.

Gold Fields Stock Performance

Shares of GFI stock opened at $32.00 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The business has a fifty day moving average of $37.08 and a 200 day moving average of $44.80. Gold Fields Limited has a 1 year low of $23.86 and a 1 year high of $61.64.

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.