APG Asset Management N.V. Makes New $1.91 Million Investment in Gold Fields Limited (NYSE:GFI)

APG Asset Management N.V. bought a new position in Gold Fields Limited (NYSE:GFI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 401,600 shares of the company’s stock, valued at approximately $1,908,000.

Several other hedge funds also recently made changes to their positions in GFI. AQR Capital Management LLC grew its stake in shares of Gold Fields by 464.4% during the fourth quarter. AQR Capital Management LLC now owns 12,949,336 shares of the company’s stock valued at $85,466,000 after purchasing an additional 10,655,066 shares during the last quarter. Ruffer LLP boosted its position in Gold Fields by 76.4% in the 1st quarter. Ruffer LLP now owns 13,704,890 shares of the company’s stock valued at $65,167,000 after buying an additional 5,937,785 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Gold Fields by 6,582.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,873,978 shares of the company’s stock valued at $8,901,000 after buying an additional 1,845,933 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Gold Fields during the first quarter worth $6,994,000. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of Gold Fields by 75.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,935,799 shares of the company’s stock valued at $10,951,000 after acquiring an additional 1,261,943 shares during the period. Institutional investors own 36.09% of the company’s stock.

Shares of GFI stock opened at $9.40 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.81 and a quick ratio of 0.50. The stock has a market cap of $8.11 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 0.54 and a beta of 0.40. The stock has a 50-day moving average of $7.97 and a 200-day moving average of $6.73. Gold Fields Limited has a one year low of $3.79 and a one year high of $9.46.

Several analysts have weighed in on GFI shares. ValuEngine cut Gold Fields from a “hold” rating to a “sell” rating in a report on Monday, March 30th. Bank of America raised shares of Gold Fields from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upgraded shares of Gold Fields from a “neutral” rating to an “overweight” rating and set a $11.30 price objective on the stock in a report on Monday, June 22nd. Finally, Zacks Investment Research cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.65.

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

Featured Story: What is total return in investing?

Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.