Bamco Inc. NY Lowers Stock Holdings in Gold Fields Limited (NYSE:GFI)

Bamco Inc. NY lowered its holdings in shares of Gold Fields Limited (NYSE:GFI) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,248,483 shares of the company’s stock after selling 235,557 shares during the quarter. Bamco Inc. NY owned approximately 0.25% of Gold Fields worth $35,728,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new position in shares of Gold Fields during the third quarter valued at approximately $2,046,000. Raymond James & Associates acquired a new position in shares of Gold Fields during the fourth quarter valued at approximately $1,427,000. Ritholtz Wealth Management raised its holdings in shares of Gold Fields by 97.9% during the fourth quarter. Ritholtz Wealth Management now owns 24,461 shares of the company’s stock valued at $354,000 after acquiring an additional 12,100 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Gold Fields by 5.0% during the fourth quarter. Blue Trust Inc. now owns 54,968 shares of the company’s stock valued at $795,000 after acquiring an additional 2,601 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Gold Fields by 12.3% during the fourth quarter. Ballentine Partners LLC now owns 13,116 shares of the company’s stock valued at $190,000 after acquiring an additional 1,441 shares during the last quarter. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Scotiabank cut their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Friday, June 14th. BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and increased their price target for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. cut their price target on Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.90.

Gold Fields Stock Up 0.8 %

Gold Fields stock traded up $0.13 during mid-day trading on Friday, hitting $16.32. The company’s stock had a trading volume of 1,510,986 shares, compared to its average volume of 2,953,351. Gold Fields Limited has a 1 year low of $10.31 and a 1 year high of $18.97. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $15.61 and its two-hundred day moving average is $15.31.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.