Hsbc Holdings PLC Raises Stock Position in Gold Fields Limited $GFI

Hsbc Holdings PLC boosted its position in Gold Fields Limited (NYSE:GFI) by 138.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 111,152 shares of the company’s stock after purchasing an additional 64,492 shares during the quarter. Hsbc Holdings PLC’s holdings in Gold Fields were worth $4,856,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC increased its holdings in shares of Gold Fields by 20.3% in the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after purchasing an additional 32,343 shares during the period. NewEdge Advisors LLC boosted its stake in Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after buying an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Gold Fields during the first quarter worth about $236,000. Jones Financial Companies Lllp purchased a new position in Gold Fields during the first quarter worth about $268,000. Finally, EverSource Wealth Advisors LLC increased its stake in Gold Fields by 183.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after acquiring an additional 1,900 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $33.52 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $40.52 and its 200-day moving average price is $45.95. Gold Fields Limited has a 12 month low of $22.40 and a 12 month high of $61.64.

Analyst Ratings Changes

GFI has been the topic of several recent analyst reports. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and raised their price target for the company from $40.25 to $57.25 in a report on Friday, April 24th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen cut 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 note on Wednesday, June 3rd. Finally, Scotiabank dropped their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.75.

Gold Fields Company 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.