Royal Bank of Canada Increases Stock Holdings in Gold Fields Limited $GFI

Royal Bank of Canada increased its stake in shares of Gold Fields Limited (NYSE:GFI) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,061,295 shares of the company’s stock after buying an additional 25,635 shares during the quarter. Royal Bank of Canada owned 0.12% of Gold Fields worth $48,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp boosted its holdings 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 worth $10,698,000 after purchasing an additional 74,539 shares during the last quarter. Crescent Grove Advisors LLC purchased a new stake in Gold Fields in the 1st quarter valued at about $1,795,000. Sigma Planning Corp increased its stake in Gold Fields by 203.7% in the 4th quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock valued at $2,419,000 after buying an additional 37,161 shares during the last quarter. PKO Investment Management Joint Stock Co lifted its position in shares of Gold Fields by 11.9% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock worth $13,949,000 after buying an additional 34,000 shares in the last quarter. Finally, Euro Pacific Asset Management LLC lifted its position in shares of Gold Fields by 371.9% during the 1st quarter. Euro Pacific Asset Management LLC now owns 64,497 shares of the company’s stock worth $3,117,000 after buying an additional 50,830 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Price Performance

GFI opened at $32.41 on Monday. Gold Fields Limited has a twelve month low of $24.11 and a twelve month high of $61.64. The company’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $43.92. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

GFI has been the topic of a number of research analyst reports. Scotiabank cut their target price on 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. Wall Street Zen upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $47.75.

Gold Fields Company 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.