Summit Global Investments Has $980,000 Stock Holdings in Gold Fields Limited $GFI

Summit Global Investments decreased its position in Gold Fields Limited (NYSE:GFI) by 46.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,579 shares of the company’s stock after selling 19,029 shares during the quarter. Summit Global Investments’ holdings in Gold Fields were worth $980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Gold Fields by 3.4% during the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock worth $1,549,227,000 after buying an additional 1,180,634 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Gold Fields by 39.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock worth $265,700,000 after acquiring an additional 1,714,442 shares during the period. Goldman Sachs Group Inc. lifted its position in Gold Fields by 69.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after acquiring an additional 1,794,124 shares during the last quarter. Man Group plc lifted its position in Gold Fields by 63.7% during the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after acquiring an additional 1,421,121 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Gold Fields by 62.3% during the 1st 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 last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Up 3.4%

Shares of NYSE GFI opened at $32.30 on Wednesday. Gold Fields Limited has a one year low of $23.86 and a one year high of $61.64. The business has a fifty day simple moving average of $36.52 and a 200 day simple moving average of $44.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GFI shares. Scotiabank lowered their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Monday. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada lowered their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and lifted their price target for the stock from $40.25 to $57.25 in a research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $47.75.

Gold Fields 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.