Aperio Group LLC Acquires 98,010 Shares of Gold Fields Limited (NYSE:GFI)

Aperio Group LLC raised its position in shares of Gold Fields Limited (NYSE:GFI) by 16.2% during the second quarter, Holdings Channel reports. The institutional investor owned 703,794 shares of the company’s stock after buying an additional 98,010 shares during the period. Aperio Group LLC’s holdings in Gold Fields Limited were worth $2,449,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GFI. Van ECK Associates Corp increased its stake 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 during the period. BlackRock Inc. increased its stake 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 during the period. Ruffer LLP increased its stake in shares of Gold Fields Limited by 6.3% in the first quarter. Ruffer LLP now owns 9,104,912 shares of the company’s stock worth $34,087,000 after buying an additional 537,650 shares during the period. Majedie Asset Management Ltd purchased a new stake in shares of Gold Fields Limited during the first quarter worth $16,330,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Gold Fields Limited by 2.3% in the first quarter. Parametric Portfolio Associates LLC now owns 2,051,201 shares of the company’s stock worth $7,241,000 after buying an additional 45,738 shares during the period. 35.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Gold Fields Limited (NYSE:GFI) remained flat at $3.99 during mid-day trading on Monday. The company had a trading volume of 630,751 shares. The company’s 50 day moving average is $3.66 and its 200-day moving average is $3.55. Gold Fields Limited has a 12 month low of $2.60 and a 12 month high of $6.60. The company has a market cap of $3.27 billion, a PE ratio of 19.95 and a beta of -1.03.

GFI has been the subject of a number of recent analyst reports. Royal Bank Of Canada downgraded shares of Gold Fields Limited from a “sector perform” rating to an “underperform” rating in a report on Monday, April 24th. Goldman Sachs Group, Inc. (The) raised shares of Gold Fields Limited from a “sell” rating to a “neutral” rating and cut their price target for the stock from $3.44 to $3.41 in a report on Thursday, June 29th. Zacks Investment Research raised shares of Gold Fields Limited from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Tuesday, June 6th. BidaskClub downgraded shares of Gold Fields Limited from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, HSBC Holdings plc downgraded shares of Gold Fields Limited from a “hold” rating to a “reduce” rating in a report on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average 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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