Schroder Investment Management Group Trims Stake in Gold Fields Limited $GFI

Schroder Investment Management Group lessened its holdings in shares of Gold Fields Limited (NYSE:GFI) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,095,502 shares of the company’s stock after selling 477,269 shares during the quarter. Schroder Investment Management Group owned approximately 0.23% of Gold Fields worth $49,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. DJE Kapital AG increased its stake in shares of Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after purchasing an additional 742,174 shares in the last quarter. Amundi grew its holdings in Gold Fields by 17.8% during the first quarter. Amundi now owns 3,661,529 shares of the company’s stock valued at $82,934,000 after purchasing an additional 554,160 shares during the period. American Century Companies Inc. increased its position in Gold Fields by 5.5% in the second quarter. American Century Companies Inc. now owns 3,327,085 shares of the company’s stock worth $78,752,000 after buying an additional 172,239 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Gold Fields by 122.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company’s stock worth $78,323,000 after buying an additional 1,822,689 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Gold Fields by 21.5% in the first quarter. Deutsche Bank AG now owns 2,642,663 shares of the company’s stock worth $58,376,000 after buying an additional 467,579 shares during the period. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

GFI has been the subject of a number of recent research reports. JPMorgan Chase & Co. began coverage on Gold Fields in a research note on Thursday, October 23rd. They set an “overweight” rating and a $62.00 price objective for the company. Citigroup lifted their price target on shares of Gold Fields to $57.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets upped their price target on shares of Gold Fields from $24.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.88.

Gold Fields Stock Performance

GFI stock opened at $42.89 on Monday. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $47.18. The business has a 50 day simple moving average of $40.84 and a two-hundred day simple moving average of $32.24.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.