Van ECK Associates Corp Acquires 1,180,634 Shares of Gold Fields Limited $GFI

Van ECK Associates Corp lifted its holdings in Gold Fields Limited (NYSE:GFIFree Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 35,483,903 shares of the company’s stock after acquiring an additional 1,180,634 shares during the quarter. Gold Fields accounts for about 1.3% of Van ECK Associates Corp’s holdings, making the stock its 21st biggest holding. Van ECK Associates Corp’s holdings in Gold Fields were worth $1,549,227,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Gold Fields during the 3rd quarter valued at $45,000. Bayforest Capital Ltd raised its holdings in Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after buying an additional 996 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in Gold Fields by 24.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after buying an additional 300 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after buying an additional 2,152 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Price Performance

Shares of GFI opened at $36.50 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a 1 year low of $22.40 and a 1 year high of $61.64. The company has a 50 day simple moving average of $42.91 and a two-hundred day simple moving average of $46.36.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GFI shares. Scotiabank reduced their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Canaccord Genuity Group raised 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 research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.75.

View Our Latest Stock Report on Gold Fields

About Gold Fields

(Free Report)

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.

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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