Gold Fields Limited $GFI Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd cut its stake in shares of Gold Fields Limited (NYSE:GFI) by 33.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200,151 shares of the company’s stock after selling 600,662 shares during the quarter. USS Investment Management Ltd owned about 0.13% of Gold Fields worth $54,493,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ purchased a new position in Gold Fields in the 1st quarter worth $1,583,000. SmartHarvest Portfolios LLC increased its holdings in shares of Gold Fields by 5.9% in the first quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company’s stock valued at $221,000 after purchasing an additional 273 shares during the period. Aaron Wealth Advisors LLC raised its stake in shares of Gold Fields by 43.2% in the first quarter. Aaron Wealth Advisors LLC now owns 7,912 shares of the company’s stock worth $359,000 after purchasing an additional 2,387 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Gold Fields by 28.9% in the first quarter. Ritholtz Wealth Management now owns 78,244 shares of the company’s stock worth $3,552,000 after purchasing an additional 17,537 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Gold Fields by 4.5% during the first quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock worth $225,000 after purchasing an additional 215 shares during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GFI has been the subject of a number of recent research reports. 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 research note on Friday, April 24th. Scotiabank dropped their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.75.

Gold Fields Stock Performance

NYSE:GFI opened at $33.52 on Wednesday. Gold Fields Limited has a 52 week low of $23.24 and a 52 week high of $61.64. The company has a fifty day simple moving average of $39.91 and a two-hundred day simple moving average of $45.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

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.