Y Intercept Hong Kong Ltd Takes $7.01 Million Position in Gold Fields Limited $GFI

Y Intercept Hong Kong Ltd acquired a new position in Gold Fields Limited (NYSE:GFI) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 154,397 shares of the company’s stock, valued at approximately $7,010,000.

A number of other hedge funds have also recently made changes to their positions in GFI. Van ECK Associates Corp increased its holdings in Gold Fields by 3.4% in the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after purchasing an additional 1,180,634 shares during the last quarter. 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 worth $265,700,000 after purchasing an additional 1,714,442 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Gold Fields by 69.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after purchasing an additional 1,794,124 shares in the last quarter. Man Group plc boosted its position in shares of Gold Fields by 63.7% during the fourth quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after buying an additional 1,421,121 shares during the period. Finally, Clark Capital Management Group Inc. boosted its position in shares of Gold Fields by 1.9% during the third quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock worth $96,424,000 after buying an additional 41,889 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

NYSE:GFI opened at $35.35 on Friday. Gold Fields Limited has a 52 week low of $23.24 and a 52 week high of $61.64. The company has a fifty day simple moving average of $39.20 and a two-hundred day simple moving average of $45.64. 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

GFI has been the topic of several research analyst reports. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the company from $40.25 to $57.25 in a report on Friday, April 24th. Scotiabank cut their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.