Ritholtz Wealth Management Raises Stock Holdings in Gold Fields Limited $GFI

Ritholtz Wealth Management increased its holdings in shares of Gold Fields Limited (NYSE:GFI) by 28.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,244 shares of the company’s stock after acquiring an additional 17,537 shares during the quarter. Ritholtz Wealth Management’s holdings in Gold Fields were worth $3,552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp raised its stake 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 purchasing an additional 1,180,634 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Gold Fields by 39.2% during the fourth 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 last quarter. Goldman Sachs Group Inc. raised its position in Gold Fields by 69.3% in the fourth 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 period. American Century Companies Inc. boosted its stake in Gold Fields by 24.3% in the third quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock valued at $173,584,000 after acquiring an additional 809,816 shares during the last quarter. Finally, Man Group plc boosted its stake 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. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Up 2.8%

NYSE GFI opened at $32.77 on Friday. The company’s 50 day moving average is $40.80 and its 200-day moving average is $46.04. Gold Fields Limited has a 12-month low of $22.40 and a 12-month high of $61.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

Wall Street Analyst Weigh In

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