Havemeyer Place LP Acquires Shares of 16,643 Gold Fields Limited $GFI

Havemeyer Place LP acquired a new stake in shares of Gold Fields Limited (NYSE:GFI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,643 shares of the company’s stock, valued at approximately $727,000.

A number of other large investors have also added to or reduced their stakes in GFI. CIBC Private Wealth Group LLC raised its stake in Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after buying an additional 273 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in Gold Fields during the third quarter valued at $45,000. Bayforest Capital Ltd increased its holdings in shares of Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after purchasing an additional 996 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Gold Fields by 606.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock worth $61,000 after purchasing an additional 2,287 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

Shares of GFI opened at $35.88 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a one year low of $22.40 and a one year high of $61.64. The business has a fifty day moving average of $43.64 and a 200 day moving average of $46.52.

Analysts Set New Price Targets

GFI has been the subject of a number of research analyst reports. Scotiabank reduced their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and lifted their target price for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Finally, Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Five equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.75.

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.