Gabelli Funds LLC Decreases Stock Position in Gold Fields Limited $GFI

Gabelli Funds LLC cut its position in Gold Fields Limited (NYSE:GFI) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,400 shares of the company’s stock after selling 17,700 shares during the period. Gabelli Funds LLC’s holdings in Gold Fields were worth $16,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake 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 valued at $191,407,000 after purchasing an additional 1,794,124 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in 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 last quarter. Man Group plc grew its holdings in shares of Gold Fields by 63.7% during the fourth 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. AQR Capital Management LLC raised its position in shares of Gold Fields by 211.0% in the fourth quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock valued at $78,231,000 after buying an additional 1,215,647 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Gold Fields by 3.4% in 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 last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GFI. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price objective for the company from $40.25 to $57.25 in a report on Friday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada lowered their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Gold Fields Price Performance

Shares of GFI opened at $32.68 on Friday. Gold Fields Limited has a 52-week low of $23.86 and a 52-week high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $35.91 and a two-hundred day simple moving average of $44.41.

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.