Goldman Sachs Group Inc. Has $191.41 Million Position in Gold Fields Limited $GFI

Goldman Sachs Group Inc. raised its stake in shares of Gold Fields Limited (NYSE:GFI) by 69.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,384,047 shares of the company’s stock after acquiring an additional 1,794,124 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Gold Fields were worth $191,407,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GFI. CIBC Private Wealth Group LLC lifted its holdings in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in shares of Gold Fields during the third quarter valued at $45,000. Bayforest Capital Ltd lifted its holdings in shares of Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after acquiring an additional 996 shares during the period. NewEdge Advisors LLC lifted its holdings 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 valued at $50,000 after acquiring an additional 2,152 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Gold Fields by 606.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock valued at $61,000 after acquiring an additional 2,287 shares during the period. 24.81% of the stock is owned by institutional investors.

Gold Fields Price Performance

Shares of GFI stock opened at $36.52 on Friday. The stock has a 50-day moving average price of $43.74 and a 200 day moving average price of $46.49. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a 12 month low of $22.40 and a 12 month high of $61.64.

Wall Street Analyst Weigh In

GFI has been the subject of a number of analyst reports. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and lifted their price objective for the company from $40.25 to $57.25 in a report on Friday, April 24th. Scotiabank cut their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.75.

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.