Man Group plc Has $159.39 Million Stock Holdings in Gold Fields Limited $GFI

Man Group plc boosted its stake in Gold Fields Limited (NYSE:GFI) by 63.7% in the fourth quarter, HoldingsChannel reports. The firm owned 3,650,799 shares of the company’s stock after buying an additional 1,421,121 shares during the period. Man Group plc’s holdings in Gold Fields were worth $159,394,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in Gold Fields by 1.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock worth $786,000 after purchasing an additional 251 shares during the period. Harbour Capital Advisors LLC grew its holdings in Gold Fields by 0.5% in the fourth quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock worth $2,201,000 after purchasing an additional 265 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Gold Fields by 47.1% in 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 period. Mark Sheptoff Financial Planning LLC raised 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 period. Finally, Bridgewater Advisors Inc. lifted its holdings in shares of Gold Fields by 1.6% in the 3rd quarter. Bridgewater Advisors Inc. now owns 20,692 shares of the company’s stock worth $868,000 after purchasing an additional 317 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GFI has been the topic of a number of recent research reports. Scotiabank cut 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. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Canaccord Genuity Group upgraded shares of 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. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Gold Fields has an average rating of “Hold” and an average target price of $49.75.

Gold Fields Price Performance

Shares of NYSE GFI opened at $38.84 on Thursday. The company has a 50-day moving average price of $42.44 and a 200-day moving average price of $46.34. Gold Fields Limited has a 1 year low of $22.40 and a 1 year high of $61.64. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

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.