Gold Fields Limited $GFI Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in shares of Gold Fields Limited (NYSE:GFI) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,400 shares of the company’s stock after selling 17,700 shares during the period. Gabelli Funds LLC’s holdings in Gold Fields were worth $16,998,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GFI. GC Wealth Management RIA LLC acquired a new position in shares of Gold Fields in the first quarter worth $401,000. Sei Investments Co. raised its stake in shares of Gold Fields by 76.6% in the first quarter. Sei Investments Co. now owns 497,600 shares of the company’s stock valued at $22,591,000 after acquiring an additional 215,774 shares in the last quarter. CI Investments Inc. boosted its holdings in Gold Fields by 7.1% in the first quarter. CI Investments Inc. now owns 232,639 shares of the company’s stock valued at $10,562,000 after purchasing an additional 15,411 shares during the period. First Trust Advisors LP boosted its holdings in Gold Fields by 7.1% in the first quarter. First Trust Advisors LP now owns 115,898 shares of the company’s stock valued at $5,262,000 after purchasing an additional 7,655 shares during the period. Finally, ABN Amro Investment Solutions grew its stake in Gold Fields by 35.2% during the 1st quarter. ABN Amro Investment Solutions now owns 56,279 shares of the company’s stock worth $2,555,000 after purchasing an additional 14,650 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $32.68 on Friday. The stock’s 50-day simple moving average is $35.91 and its 200-day simple moving average is $44.41. Gold Fields Limited has a fifty-two week low of $23.86 and a fifty-two week 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 Analysts Forecast Growth

Several equities research analysts have weighed in on GFI shares. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and upped their price target for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Wall Street Zen raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. cut their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Finally, Scotiabank reduced their target price 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, July 14th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.75.

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.