Malaga Cove Capital LLC boosted its position in shares of Gold Fields Limited (NYSE:GFI) by 49.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 253,588 shares of the company’s stock after buying an additional 83,365 shares during the period. Malaga Cove Capital LLC’s holdings in Gold Fields Limited were worth $890,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Gold Fields Limited by 1,114.7% in the first quarter. BlackRock Inc. now owns 57,107,933 shares of the company’s stock worth $201,591,000 after buying an additional 52,406,572 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Gold Fields Limited by 17.4% in the first quarter. Van ECK Associates Corp now owns 57,569,105 shares of the company’s stock worth $203,219,000 after buying an additional 8,520,711 shares in the last quarter. Majedie Asset Management Ltd purchased a new position in shares of Gold Fields Limited during the first quarter worth $16,330,000. Credit Agricole S A purchased a new position in shares of Gold Fields Limited during the first quarter worth $5,080,000. Finally, Karp Capital Management Corp purchased a new position in shares of Gold Fields Limited during the first quarter worth $2,138,000. Institutional investors and hedge funds own 33.28% of the company’s stock.
Gold Fields Limited (GFI) traded up 0.53% during mid-day trading on Friday, reaching $3.78. The company had a trading volume of 2,807,225 shares. Gold Fields Limited has a 12 month low of $2.60 and a 12 month high of $6.60. The stock’s 50-day moving average is $3.64 and its 200 day moving average is $3.51. The firm has a market capitalization of $3.10 billion, a P/E ratio of 18.90 and a beta of -1.06.
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GFI has been the subject of a number of research analyst reports. Zacks Investment Research cut Gold Fields Limited from a “hold” rating to a “sell” rating in a research report on Monday, April 17th. Royal Bank Of Canada cut Gold Fields Limited from a “sector perform” rating to an “underperform” rating in a research report on Monday, April 24th. BidaskClub cut Gold Fields Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) upgraded Gold Fields Limited from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $3.44 to $3.41 in a research report on Thursday, June 29th. Finally, HSBC Holdings plc cut Gold Fields Limited from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Gold Fields Limited presently has an average rating of “Hold” and a consensus price target of $3.71.
About Gold Fields Limited
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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