RWC Asset Management LLP Grows Stake in Gold Fields Limited $GFI

RWC Asset Management LLP boosted its holdings in Gold Fields Limited (NYSE:GFI) by 16.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,335,993 shares of the company’s stock after buying an additional 183,821 shares during the period. Gold Fields makes up 2.9% of RWC Asset Management LLP’s investment portfolio, making the stock its 5th largest position. RWC Asset Management LLP’s holdings in Gold Fields were worth $58,329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GFI. Millennium Management LLC lifted its position in Gold Fields by 20.3% in the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after acquiring an additional 32,343 shares in the last quarter. NewEdge Advisors LLC lifted its position in Gold Fields by 2,152.0% in the 1st 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Gold Fields in the 1st quarter valued at approximately $236,000. Jones Financial Companies Lllp bought a new position in Gold Fields in the 1st quarter valued at approximately $268,000. Finally, EverSource Wealth Advisors LLC lifted its position in Gold Fields by 183.6% in 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 in the last quarter. 24.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Gold Fields Stock Down 0.3%

NYSE GFI opened at $36.52 on Monday. The business’s fifty day moving average price is $43.74 and its 200-day moving average price is $46.54. 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 1-year low of $22.40 and a 1-year high of $61.64.

Gold Fields 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.