Man Group plc Has $159.39 Million Stock Position in Gold Fields Limited $GFI

Man Group plc raised its holdings in Gold Fields Limited (NYSE:GFIFree Report) by 63.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,650,799 shares of the company’s stock after acquiring an additional 1,421,121 shares during the quarter. Man Group plc owned approximately 0.41% of Gold Fields worth $159,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Engineers Gate Manager LP acquired a new position in Gold Fields in the 4th quarter valued at approximately $2,432,000. Asset One Wealth Management LLC acquired a new position in Gold Fields in the 4th quarter valued at approximately $702,000. Balyasny Asset Management L.P. acquired a new position in Gold Fields in the 4th quarter valued at approximately $683,000. DV Equities LLC acquired a new position in Gold Fields in the 4th quarter valued at approximately $92,000. Finally, AQR Capital Management LLC increased its position in Gold Fields by 211.0% in the 4th quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock valued at $78,231,000 after acquiring an additional 1,215,647 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Price Performance

GFI opened at $38.84 on Thursday. Gold Fields Limited has a twelve month low of $22.40 and a twelve month high of $61.64. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $42.44 and a 200-day moving average of $46.34.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Scotiabank decreased their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.75.

View Our Latest Analysis on GFI

Gold Fields Profile

(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.

Further Reading

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

Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.