DJE Kapital AG Has $89.72 Million Stock Position in Gold Fields Limited $GFI

DJE Kapital AG cut its holdings in shares of Gold Fields Limited (NYSE:GFI) by 36.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,018,394 shares of the company’s stock after selling 1,168,068 shares during the period. Gold Fields makes up 2.0% of DJE Kapital AG’s holdings, making the stock its 18th biggest holding. DJE Kapital AG’s holdings in Gold Fields were worth $89,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. 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 raised its stake in shares of Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gold Fields in the first quarter worth approximately $236,000. Jones Financial Companies Lllp purchased a new stake in shares of Gold Fields in the first quarter worth approximately $268,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Gold Fields by 183.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock valued at $69,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Performance

NYSE:GFI opened at $31.28 on Tuesday. Gold Fields Limited has a 52 week low of $23.86 and a 52 week high of $61.64. The firm has a 50-day moving average price of $36.78 and a two-hundred day moving average price of $44.72. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Scotiabank dropped their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Royal Bank Of Canada reduced their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.75.

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.