Gold Fields Limited $GFI Shares Purchased by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC boosted its position in shares of Gold Fields Limited (NYSE:GFI) by 371.9% during the first quarter, Holdings Channel.com reports. The firm owned 64,497 shares of the company’s stock after buying an additional 50,830 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Gold Fields were worth $3,117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. raised its position in shares of Gold Fields by 2,204.3% during the 1st quarter. Assetmark Inc. now owns 113,853 shares of the company’s stock valued at $5,169,000 after buying an additional 108,912 shares during the period. Allspring Global Investments Holdings LLC grew its position in Gold Fields by 62.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,371,649 shares of the company’s stock worth $114,147,000 after acquiring an additional 910,580 shares during the period. Independent Financial Group LLC acquired a new stake in Gold Fields during the first quarter worth $433,000. Bank of New York Mellon Corp raised its position in Gold Fields by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 231,757 shares of the company’s stock valued at $10,522,000 after purchasing an additional 9,056 shares during the period. Finally, Sanctuary Advisors LLC raised its position in Gold Fields by 30.6% in the first quarter. Sanctuary Advisors LLC now owns 11,198 shares of the company’s stock valued at $508,000 after purchasing an additional 2,625 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GFI has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and increased their target price for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Wall Street Zen downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Five investment 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, Gold Fields presently has a consensus rating of “Hold” and a consensus target price of $47.75.

Gold Fields Stock Down 0.3%

Shares of NYSE GFI opened at $32.00 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a twelve month low of $23.86 and a twelve month high of $61.64. The stock has a fifty day simple moving average of $37.08 and a 200-day simple moving average of $44.80.

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.