Gold Fields Limited $GFI Shares Bought by CI Investments Inc.

CI Investments Inc. lifted its position in shares of Gold Fields Limited (NYSE:GFI) by 7.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 232,639 shares of the company’s stock after buying an additional 15,411 shares during the quarter. CI Investments Inc.’s holdings in Gold Fields were worth $10,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GFI. Goldman Sachs Group Inc. boosted its position in shares of Gold Fields by 69.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after buying an additional 1,794,124 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Gold Fields by 39.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after purchasing an additional 1,714,442 shares during the last quarter. Man Group plc lifted its stake in Gold Fields by 63.7% during the fourth quarter. Man Group plc now owns 3,650,799 shares of the company’s stock valued at $159,394,000 after buying an additional 1,421,121 shares in the last quarter. AQR Capital Management LLC boosted its position in Gold Fields by 211.0% during the 4th quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock worth $78,231,000 after acquiring an additional 1,215,647 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Gold Fields by 3.4% during the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock worth $1,549,227,000 after purchasing an additional 1,180,634 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE GFI opened at $33.59 on Thursday. The company has a 50 day moving average of $36.30 and a 200 day moving average of $44.57. Gold Fields Limited has a twelve month low of $23.86 and a twelve month high of $61.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank Of Canada lowered their price target on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Scotiabank cut their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $47.75.

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.