Y Intercept Hong Kong Ltd Acquires Shares of 154,397 Gold Fields Limited $GFI

Y Intercept Hong Kong Ltd bought a new position in Gold Fields Limited (NYSE:GFI) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 154,397 shares of the company’s stock, valued at approximately $7,010,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Gold Fields by 43.7% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock worth $10,698,000 after buying an additional 74,539 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Gold Fields in the 3rd quarter worth $2,758,000. Causeway Capital Management LLC increased its stake in shares of Gold Fields by 14.0% in the 3rd quarter. Causeway Capital Management LLC now owns 1,543,015 shares of the company’s stock worth $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 3rd quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock worth $1,439,365,000 after acquiring an additional 539,923 shares during the period. Finally, Clark Capital Management Group Inc. raised its holdings in shares of Gold Fields by 1.9% during the 3rd quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock worth $96,424,000 after acquiring an additional 41,889 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Trading Down 0.3%

NYSE:GFI opened at $35.35 on Friday. Gold Fields Limited has a 52 week low of $23.24 and a 52 week high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The stock’s fifty day moving average is $39.20 and its two-hundred day moving average is $45.64.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GFI shares. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and lifted their target price for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. Scotiabank decreased their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Finally, Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and an average target price of $49.75.

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.