Sumitomo Mitsui Trust Group Inc. Makes New $1.20 Million Investment in Gold Fields Limited $GFI

Sumitomo Mitsui Trust Group Inc. bought a new stake in Gold Fields Limited (NYSE:GFI) in the first quarter, HoldingsChannel.com reports. The fund bought 26,408 shares of the company’s stock, valued at approximately $1,199,000.

Several other institutional investors also recently made changes to their positions in GFI. V Square Quantitative Management LLC acquired a new position in Gold Fields during the 1st quarter valued at approximately $25,000. 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 buying an additional 273 shares during the period. Bayforest Capital Ltd lifted its stake in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after buying an additional 996 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after acquiring an additional 2,152 shares during the period. Finally, Arax Advisory Partners boosted its holdings in shares of Gold Fields by 352.6% during the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after acquiring an additional 885 shares during the period. 24.81% of the stock is owned by institutional investors.

Gold Fields Trading Down 1.1%

Shares of NYSE:GFI opened at $32.96 on Thursday. 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 $23.41 and a 12 month high of $61.64. The stock’s 50 day moving average price is $37.59 and its 200 day moving average price is $44.99.

Analysts Set New Price Targets

GFI has been the topic of a number of analyst reports. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada decreased their price objective on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.18.

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.