O Shaughnessy Asset Management LLC Boosts Stock Holdings in Gold Fields Limited $GFI

O Shaughnessy Asset Management LLC raised its holdings in shares of Gold Fields Limited (NYSE:GFI) by 19.5% during the fourth quarter, HoldingsChannel reports. The firm owned 198,662 shares of the company’s stock after purchasing an additional 32,412 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Gold Fields were worth $8,674,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. RWC Asset Management LLP increased its position in Gold Fields by 16.0% during the 4th quarter. RWC Asset Management LLP now owns 1,335,993 shares of the company’s stock valued at $58,329,000 after purchasing an additional 183,821 shares during the period. Havemeyer Place LP purchased a new position in Gold Fields during the 4th quarter valued at about $727,000. WINTON GROUP Ltd purchased a new position in Gold Fields during the 4th quarter valued at about $231,000. Vise Technologies Inc. increased its position in Gold Fields by 10.7% during the 4th quarter. Vise Technologies Inc. now owns 21,926 shares of the company’s stock valued at $957,000 after purchasing an additional 2,118 shares during the period. Finally, CIBC Asset Management Inc increased its position in Gold Fields by 15.7% during the 4th quarter. CIBC Asset Management Inc now owns 125,042 shares of the company’s stock valued at $5,459,000 after purchasing an additional 16,933 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analyst Ratings Changes

GFI has been the topic of a number of research reports. Scotiabank cut their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Gold Fields presently has an average rating of “Hold” and an average price target of $49.75.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $33.46 on Thursday. The firm’s 50 day moving average price is $43.33 and its 200-day moving average price is $46.45. 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 52-week low of $22.40 and a 52-week 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.