Amundi Lowers Stock Holdings in Gold Fields Limited $GFI

Amundi cut its position in Gold Fields Limited (NYSE:GFI) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,736,009 shares of the company’s stock after selling 163,075 shares during the quarter. Amundi’s holdings in Gold Fields were worth $124,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of GFI. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Gold Fields by 43.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock worth $10,698,000 after purchasing an additional 74,539 shares in the last quarter. Crescent Grove Advisors LLC acquired a new position in Gold Fields in the first quarter valued at about $1,795,000. Sigma Planning Corp lifted its position in Gold Fields by 203.7% during the fourth quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock worth $2,419,000 after purchasing an additional 37,161 shares during the period. PKO Investment Management Joint Stock Co lifted its position in Gold Fields by 11.9% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock worth $13,949,000 after purchasing an additional 34,000 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Gold Fields by 39.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock worth $265,700,000 after buying an additional 1,714,442 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Scotiabank lowered 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. Royal Bank Of Canada cut their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Gold Fields has an average rating of “Hold” and a consensus price target of $47.75.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $32.41 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. Gold Fields Limited has a 12 month low of $24.11 and a 12 month high of $61.64. The stock has a 50-day moving average price of $35.18 and a two-hundred day moving average price of $43.95.

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.