Lansforsakringar Fondforvaltning AB publ Purchases Shares of 34,860 Gold Fields Limited $GFI

Lansforsakringar Fondforvaltning AB publ purchased a new stake in Gold Fields Limited (NYSE:GFI) during the first quarter, Holdings Channel reports. The fund purchased 34,860 shares of the company’s stock, valued at approximately $1,583,000.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Gold Fields by 43.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock valued at $10,698,000 after buying an additional 74,539 shares in the last quarter. Dorsey Wright & Associates purchased a new position in Gold Fields during the 3rd quarter valued at about $2,758,000. Causeway Capital Management LLC boosted its holdings in Gold Fields by 14.0% during the 3rd quarter. Causeway Capital Management LLC now owns 1,543,015 shares of the company’s stock valued at $64,745,000 after acquiring an additional 189,362 shares during the period. Van ECK Associates Corp grew its position in Gold Fields by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after acquiring an additional 539,923 shares in the last quarter. Finally, Clark Capital Management Group Inc. increased its stake in Gold Fields by 1.9% during the third quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock worth $96,424,000 after purchasing an additional 41,889 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Gold Fields Stock Down 0.3%

GFI stock opened at $35.35 on Friday. The company’s 50 day moving average price is $39.20 and its 200 day moving average price is $45.64. Gold Fields Limited has a fifty-two week low of $23.24 and a fifty-two week high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

About Gold Fields

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.