Groupe la Francaise Buys 162,000 Shares of Gold Fields Limited $GFI

Groupe la Francaise lifted its stake in shares of Gold Fields Limited (NYSE:GFI) by 39.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 572,000 shares of the company’s stock after purchasing an additional 162,000 shares during the period. Groupe la Francaise’s holdings in Gold Fields were worth $25,888,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of Gold Fields in the first quarter valued at approximately $25,000. CIBC Private Wealth Group LLC grew its position in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the last quarter. Bayforest Capital Ltd raised its stake in shares of Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after acquiring an additional 996 shares during the last quarter. NewEdge Advisors LLC lifted its stake in 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 acquiring an additional 2,152 shares during the period. Finally, Arax Advisory Partners grew its holdings in shares of Gold Fields by 352.6% during the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after acquiring an additional 885 shares during the period. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GFI shares. Wall Street Zen raised Gold Fields from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and lifted their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Scotiabank reduced their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Royal Bank Of Canada cut their price target on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Gold Fields has a consensus rating of “Hold” and a consensus target price of $47.75.

Gold Fields Stock Performance

GFI stock opened at $33.52 on Friday. The firm’s 50-day moving average is $35.32 and its 200 day moving average is $44.03. 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 12 month low of $24.11 and a 12 month 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.