Up Capital Management Inc. Acquires New Position in Gold Fields Limited $GFI

Up Capital Management Inc. bought a new position in Gold Fields Limited (NYSE:GFI) in the 4th quarter, Holdings Channel reports. The fund bought 127,584 shares of the company’s stock, valued at approximately $5,570,000. Gold Fields comprises approximately 5.0% of Up Capital Management Inc.’s holdings, making the stock its 7th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Gold Fields by 43.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock valued at $10,698,000 after purchasing an additional 74,539 shares during the period. Dorsey Wright & Associates purchased a new position in shares of Gold Fields during the 3rd quarter valued at $2,758,000. American Century Companies Inc. boosted its holdings in Gold Fields by 24.3% in the 3rd quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock worth $173,584,000 after buying an additional 809,816 shares during the period. Van ECK Associates Corp boosted its holdings in Gold Fields by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock worth $1,439,365,000 after buying an additional 539,923 shares during the period. Finally, Causeway Capital Management LLC increased its stake in 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 buying an additional 189,362 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE GFI opened at $38.57 on Friday. The firm’s 50-day moving average price is $42.08 and its 200-day moving average price is $46.25. 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 $22.40 and a 12-month high of $61.64.

Wall Street Analyst Weigh In

GFI has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and raised their price target for the company from $40.25 to $57.25 in a report on Friday, April 24th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Scotiabank lowered their price target on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $49.75.

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.