Hsbc Holdings PLC Decreases Stock Holdings in Gold Fields Limited $GFI

Hsbc Holdings PLC decreased its stake in shares of Gold Fields Limited (NYSE:GFI) by 31.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,884 shares of the company’s stock after selling 36,268 shares during the period. Hsbc Holdings PLC’s holdings in Gold Fields were worth $3,578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp increased its position in Gold Fields by 43.7% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock valued at $10,698,000 after acquiring an additional 74,539 shares during the last quarter. Sigma Planning Corp boosted its position in Gold Fields by 203.7% in the fourth quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock worth $2,419,000 after purchasing an additional 37,161 shares during the last quarter. PKO Investment Management Joint Stock Co boosted its position in Gold Fields by 11.9% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock worth $13,949,000 after purchasing an additional 34,000 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Gold Fields by 39.2% during the 4th 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 period. Finally, Gabelli Funds LLC grew its stake in shares of Gold Fields by 4.8% during the 4th quarter. Gabelli Funds LLC now owns 392,100 shares of the company’s stock valued at $17,119,000 after purchasing an additional 18,100 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research cut shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. reduced their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Royal Bank Of Canada decreased their price target on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, Scotiabank dropped 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 note on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Gold Fields has an average rating of “Hold” and a consensus price target of $47.75.

Gold Fields Stock Up 1.2%

GFI stock opened at $32.68 on Friday. The business’s 50-day moving average price is $35.91 and its 200-day moving average price is $44.41. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a twelve month low of $23.86 and a twelve month high of $61.64.

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.