Gold Fields Limited $GFI Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd trimmed its holdings in Gold Fields Limited (NYSE:GFI) by 33.4% during the first quarter, HoldingsChannel.com reports. The fund owned 1,200,151 shares of the company’s stock after selling 600,662 shares during the period. USS Investment Management Ltd’s holdings in Gold Fields were worth $54,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC increased its position in Gold Fields by 20.3% in the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after acquiring an additional 32,343 shares during the period. NewEdge Advisors LLC increased its stake in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after acquiring an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Gold Fields during the first quarter worth about $236,000. Jones Financial Companies Lllp purchased a new stake in Gold Fields in the 1st quarter valued at approximately $268,000. Finally, EverSource Wealth Advisors LLC increased its position in Gold Fields by 183.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after purchasing an additional 1,900 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Gold Fields stock opened at $33.52 on Wednesday. Gold Fields Limited has a 52 week low of $23.24 and a 52 week high of $61.64. The firm’s 50-day simple moving average is $39.91 and its 200 day simple moving average is $45.85. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Wall Street Analyst Weigh In

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