Gold Fields Limited $GFI Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its stake in Gold Fields Limited (NYSE:GFI) by 138.4% in the first quarter, Holdings Channel.com reports. The firm owned 42,583 shares of the company’s stock after acquiring an additional 24,719 shares during the quarter. Empowered Funds LLC’s holdings in Gold Fields were worth $1,933,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Gold Fields by 69.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after purchasing an additional 1,794,124 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of 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 buying an additional 1,714,442 shares during the period. Man Group plc boosted its holdings in Gold Fields by 63.7% in the fourth quarter. Man Group plc now owns 3,650,799 shares of the company’s stock valued at $159,394,000 after acquiring an additional 1,421,121 shares during the last quarter. AQR Capital Management LLC grew its position in Gold Fields by 211.0% during the fourth quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock valued at $78,231,000 after acquiring an additional 1,215,647 shares during the period. Finally, Van ECK Associates Corp grew its position in Gold Fields by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after acquiring an additional 1,180,634 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Up 0.3%

Shares of GFI opened at $37.39 on Friday. The business’s fifty day moving average price is $34.84 and its 200 day moving average price is $43.53. 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 Limited has a 12-month low of $29.24 and a 12-month high of $61.64.

Analysts Set New Price Targets

Several research firms recently weighed in on GFI. Royal Bank Of Canada reduced their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and increased their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and an average price target of $47.75.

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.