600,000 Shares in Gold Fields Limited $GFI Bought by Norges Bank

Norges Bank acquired a new stake in shares of Gold Fields Limited (NYSE:GFI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 600,000 shares of the company’s stock, valued at approximately $26,196,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. purchased a new position in Gold Fields during the 4th quarter valued at $2,487,000. Foundations Investment Advisors LLC bought a new stake in shares of Gold Fields during the 4th quarter valued at $836,000. Employees Retirement System of Texas bought a new stake in shares of Gold Fields during the 4th quarter valued at $1,979,000. Themes Management Co LLC bought a new stake in shares of Gold Fields during the 4th quarter valued at $1,263,000. Finally, Fisher Asset Management LLC bought a new stake in shares of Gold Fields during the 4th quarter valued at $214,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Scotiabank dropped 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. Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.25 to $57.25 in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.75.

Gold Fields Stock Performance

GFI opened at $35.50 on Wednesday. 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 company’s 50-day simple moving average is $43.51 and its two-hundred day simple moving average is $46.48. Gold Fields Limited has a 52-week low of $22.40 and a 52-week high of $61.64.

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.