SG Americas Securities LLC Increases Stock Holdings in Gold Fields Limited $GFI

SG Americas Securities LLC grew its holdings in Gold Fields Limited (NYSE:GFI) by 503.1% during the first quarter, HoldingsChannel.com reports. The firm owned 104,515 shares of the company’s stock after acquiring an additional 87,186 shares during the quarter. SG Americas Securities LLC’s holdings in Gold Fields were worth $4,745,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GFI. Mitsubishi UFJ Trust & Banking Corp grew its stake in Gold Fields by 43.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock valued at $10,698,000 after acquiring an additional 74,539 shares during the period. Dorsey Wright & Associates acquired a new position in shares of Gold Fields during the 3rd quarter worth about $2,758,000. Causeway Capital Management LLC raised its holdings in shares of Gold Fields by 14.0% during the third quarter. Causeway Capital Management LLC now owns 1,543,015 shares of the company’s stock valued at $64,745,000 after acquiring an additional 189,362 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Gold Fields by 1.6% during the third quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after acquiring an additional 539,923 shares during the last quarter. Finally, Clark Capital Management Group Inc. raised its position in shares of Gold Fields by 1.9% in the third quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock valued at $96,424,000 after buying an additional 41,889 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Scotiabank cut their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, March 20th. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and lifted their price target for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. 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 stock. According to data from MarketBeat.com, Gold Fields has a consensus rating of “Hold” and an average price target of $49.75.

Gold Fields Stock Performance

Shares of GFI stock opened at $33.31 on Tuesday. 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 Limited has a 52 week low of $23.15 and a 52 week high of $61.64. The firm has a 50 day moving average of $40.24 and a two-hundred day moving average of $45.92.

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.