Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 239,812 Gold Fields Limited $GFI

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Gold Fields Limited (NYSE:GFI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 239,812 shares of the company’s stock, valued at approximately $10,887,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GC Wealth Management RIA LLC bought a new position in shares of Gold Fields in the 1st quarter worth $401,000. Sei Investments Co. boosted its position in Gold Fields by 76.6% during the first quarter. Sei Investments Co. now owns 497,600 shares of the company’s stock valued at $22,591,000 after purchasing an additional 215,774 shares in the last quarter. CI Investments Inc. boosted its position in Gold Fields by 7.1% during the first quarter. CI Investments Inc. now owns 232,639 shares of the company’s stock valued at $10,562,000 after purchasing an additional 15,411 shares in the last quarter. First Trust Advisors LP boosted its position in Gold Fields by 7.1% during the first quarter. First Trust Advisors LP now owns 115,898 shares of the company’s stock valued at $5,262,000 after purchasing an additional 7,655 shares in the last quarter. Finally, ABN Amro Investment Solutions grew its stake in Gold Fields by 35.2% in the first quarter. ABN Amro Investment Solutions now owns 56,279 shares of the company’s stock valued at $2,555,000 after purchasing an additional 14,650 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Down 0.7%

Shares of GFI stock opened at $32.66 on Wednesday. Gold Fields Limited has a 1-year low of $24.11 and a 1-year high of $61.64. The stock’s fifty day moving average price is $35.63 and its 200 day moving average price is $44.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79.

Analysts Set New Price Targets

A number of brokerages have commented on GFI. Scotiabank reduced their target price on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada reduced their price objective on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.