Royal Bank of Canada Raises Holdings in Gold Fields Limited $GFI

Royal Bank of Canada lifted its position in shares of Gold Fields Limited (NYSE:GFI) by 2.5% in the 1st quarter, Holdings Channel reports. The fund owned 1,061,295 shares of the company’s stock after buying an additional 25,635 shares during the quarter. Royal Bank of Canada’s holdings in Gold Fields were worth $48,182,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in GFI. Millennium Management LLC boosted its position in Gold Fields by 20.3% during the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after purchasing an additional 32,343 shares during the period. NewEdge Advisors LLC lifted its stake in shares of 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gold Fields during the 1st quarter valued at approximately $236,000. Jones Financial Companies Lllp purchased a new position in Gold Fields in the 1st quarter valued at approximately $268,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Gold Fields by 183.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock valued at $69,000 after acquiring an additional 1,900 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on GFI shares. Royal Bank Of Canada decreased their price objective on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Wall Street Zen raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Scotiabank cut their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and increased their target price for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $47.75.

Gold Fields Trading Down 0.0%

NYSE:GFI opened at $32.41 on Monday. The business has a 50 day moving average of $35.18 and a 200 day moving average of $43.92. 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 1-year low of $24.11 and a 1-year 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.