Gold Fields Limited $GFI Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of Gold Fields Limited (NYSE:GFI) by 38.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 338,204 shares of the company’s stock after selling 207,483 shares during the quarter. Renaissance Technologies LLC’s holdings in Gold Fields were worth $15,354,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GFI. V Square Quantitative Management LLC bought a new position in shares of Gold Fields in the first quarter valued at $25,000. CIBC Private Wealth Group LLC boosted its stake in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after acquiring an additional 996 shares in the last quarter. Arax Advisory Partners grew its holdings in shares of Gold Fields by 352.6% in the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after acquiring 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% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock worth $68,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. dropped their price target on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Finally, Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $47.75.

Gold Fields Stock Performance

Gold Fields stock opened at $32.41 on Friday. Gold Fields Limited has a 52 week low of $24.11 and a 52 week high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $35.18 and a 200 day moving average price of $43.95.

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.