Assetmark Inc. Has $5.17 Million Position in Gold Fields Limited $GFI

Assetmark Inc. boosted its holdings in Gold Fields Limited (NYSE:GFI) by 2,204.3% in the first quarter, Holdings Channel reports. The institutional investor owned 113,853 shares of the company’s stock after buying an additional 108,912 shares during the period. Assetmark Inc.’s holdings in Gold Fields were worth $5,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Gold Fields by 4.5% in the 1st quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock valued at $225,000 after purchasing an additional 215 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in Gold Fields by 0.3% during the 1st quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock worth $3,617,000 after buying an additional 241 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Gold Fields by 1.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock worth $786,000 after purchasing an additional 251 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Gold Fields by 3.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company’s stock valued at $338,000 after buying an additional 269 shares in the last quarter. Finally, SmartHarvest Portfolios LLC boosted its stake in Gold Fields by 5.9% during the 1st quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company’s stock valued at $221,000 after purchasing an additional 273 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Price Performance

Gold Fields stock opened at $32.30 on Wednesday. The firm has a fifty day simple moving average of $36.52 and a two-hundred day simple moving average of $44.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. Gold Fields Limited has a twelve month low of $23.86 and a twelve month high of $61.64.

Analyst Ratings Changes

Several analysts have recently commented on GFI shares. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and increased their target price for the company from $40.25 to $57.25 in a report on Friday, April 24th. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada decreased their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $47.75.

About Gold Fields

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.