CWA Asset Management Group LLC Boosts Stake in Gold Fields Limited (NYSE:GFI)

CWA Asset Management Group LLC raised its holdings in Gold Fields Limited (NYSE:GFI) by 21.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 94,184 shares of the company’s stock after acquiring an additional 16,359 shares during the quarter. CWA Asset Management Group LLC’s holdings in Gold Fields were worth $2,081,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock valued at $83,000 after purchasing an additional 649 shares during the last quarter. FCA Corp TX purchased a new stake in shares of Gold Fields during the 4th quarter valued at $108,000. Net Worth Advisory Group bought a new stake in shares of Gold Fields during the 4th quarter worth $136,000. Signaturefd LLC grew its position in Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after acquiring an additional 1,656 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Gold Fields in the fourth quarter worth $139,000. Institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Up 0.2%

NYSE:GFI opened at $24.35 on Thursday. The company has a 50-day moving average price of $23.09 and a 200-day moving average price of $19.39. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.28 and a beta of 0.55. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $26.36.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GFI. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th. HSBC reissued a “hold” rating and set a $21.00 price objective on shares of Gold Fields in a report on Thursday, April 17th. Scotiabank upped their target price on Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a “hold” rating in a research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.56.

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.