Goldman Sachs Group Inc. Has $191.41 Million Stock Position in Gold Fields Limited $GFI

Goldman Sachs Group Inc. increased its position in Gold Fields Limited (NYSE:GFI) by 69.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,384,047 shares of the company’s stock after acquiring an additional 1,794,124 shares during the period. Goldman Sachs Group Inc.’s holdings in Gold Fields were worth $191,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its position in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in Gold Fields in the third quarter worth about $45,000. Bayforest Capital Ltd increased its position in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after purchasing an additional 996 shares during the period. NewEdge Advisors LLC increased its position in Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Gold Fields during the 4th quarter worth about $108,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on GFI. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and boosted their target price for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Scotiabank decreased their target price on 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. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.75.

Gold Fields Trading Down 6.6%

NYSE GFI opened at $36.52 on Friday. The stock’s 50 day moving average price is $43.74 and its two-hundred day moving average price is $46.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. Gold Fields Limited has a 52 week low of $22.40 and a 52 week high of $61.64.

Gold Fields Company 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.