Sprott Inc. Trims Holdings in Gold Fields Limited (NYSE:GFI)

Sprott Inc. trimmed its holdings in Gold Fields Limited (NYSE:GFI) by 98.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,307 shares of the company’s stock after selling 596,647 shares during the quarter. Sprott Inc.’s holdings in Gold Fields were worth $136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of Gold Fields by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 45,442 shares of the company’s stock valued at $600,000 after purchasing an additional 6,974 shares in the last quarter. RWC Asset Management LLP grew its stake in shares of Gold Fields by 9.2% in the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company’s stock worth $35,784,000 after buying an additional 227,704 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Gold Fields during the 4th quarter valued at approximately $1,422,000. D.A. Davidson & CO. purchased a new position in Gold Fields during the fourth quarter valued at $428,000. Finally, Rhumbline Advisers boosted its holdings in Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after acquiring an additional 720 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $19.11 on Thursday. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15. The business has a 50-day simple moving average of $16.23 and a two-hundred day simple moving average of $15.58. Gold Fields Limited has a fifty-two week low of $12.34 and a fifty-two week high of $19.80.

Analysts Set New Price Targets

Several research firms have recently issued reports on GFI. JPMorgan Chase & Co. lifted their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. StockNews.com raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. Finally, Scotiabank increased their price target on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.20.

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.