Gold Fields Limited $GFI Shares Acquired by Dorsey Wright & Associates

Dorsey Wright & Associates grew its position in shares of Gold Fields Limited (NYSE:GFI) by 39.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,803 shares of the company’s stock after buying an additional 26,667 shares during the period. Dorsey Wright & Associates’ holdings in Gold Fields were worth $4,304,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Gold Fields during the first quarter worth about $25,000. CIBC Private Wealth Group LLC boosted its stake in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the period. Bayforest Capital Ltd boosted its stake in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after acquiring an additional 996 shares during the period. Arax Advisory Partners grew its holdings in shares of Gold Fields by 352.6% during the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after purchasing an additional 885 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in shares of Gold Fields by 24.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after purchasing an additional 300 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Scotiabank dropped their price objective on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Royal Bank Of Canada reduced their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $47.75.

Gold Fields Trading Down 0.3%

NYSE GFI opened at $32.00 on Friday. Gold Fields Limited has a 12 month low of $23.86 and a 12 month high of $61.64. The company’s 50 day simple moving average is $37.08 and its 200 day simple moving average is $44.80. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

About Gold Fields

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.