Arrowstreet Capital Limited Partnership Trims Stake in Gold Fields Limited $GFI

Arrowstreet Capital Limited Partnership cut its holdings in Gold Fields Limited (NYSE:GFI) by 11.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,416,007 shares of the company’s stock after selling 595,726 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Gold Fields were worth $200,487,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp increased its stake in shares of Gold Fields by 3.4% in the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock worth $1,549,227,000 after purchasing an additional 1,180,634 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted 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 valued at $265,700,000 after buying an additional 1,714,442 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Gold Fields by 69.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after buying an additional 1,794,124 shares during the period. Man Group plc increased its stake in 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Gold Fields by 62.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock valued at $114,147,000 after acquiring an additional 910,580 shares during the period. Institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Up 1.2%

Shares of GFI stock opened at $32.68 on Friday. The stock’s fifty day moving average price is $35.91 and its 200 day moving average price is $44.41. Gold Fields Limited has a 1-year low of $23.86 and a 1-year high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

Wall Street Analyst Weigh In

GFI has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price objective on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Wall Street Zen upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. cut their price objective on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Scotiabank reduced 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 report on Tuesday, July 14th. Finally, Weiss Ratings downgraded 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, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $47.75.

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.