Van ECK Associates Corp Boosts Holdings in Gold Fields Limited $GFI

Van ECK Associates Corp raised its holdings in shares of Gold Fields Limited (NYSE:GFI) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 35,483,903 shares of the company’s stock after purchasing an additional 1,180,634 shares during the quarter. Gold Fields accounts for 1.3% of Van ECK Associates Corp’s holdings, making the stock its 21st biggest holding. Van ECK Associates Corp’s holdings in Gold Fields were worth $1,549,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its position in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Gold Fields during the third quarter worth $45,000. Bayforest Capital Ltd lifted its position 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 worth $47,000 after purchasing an additional 996 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of Gold Fields by 24.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock worth $68,000 after purchasing an additional 300 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Gold Fields by 2,152.0% during 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. 24.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Gold Fields Stock Up 1.7%

Shares of NYSE:GFI opened at $36.50 on Friday. Gold Fields Limited has a 12-month low of $22.40 and a 12-month high of $61.64. The business has a 50 day moving average of $42.91 and a two-hundred day moving average of $46.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

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.