Harbour Capital Advisors LLC Sells 750 Shares of Gold Fields Limited (NYSE:GFI)

Harbour Capital Advisors LLC reduced its holdings in shares of Gold Fields Limited (NYSE:GFI) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,835 shares of the company’s stock after selling 750 shares during the period. Harbour Capital Advisors LLC’s holdings in Gold Fields were worth $1,242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock valued at $83,000 after purchasing an additional 649 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Gold Fields by 67.1% in the first quarter. Blue Trust Inc. now owns 4,053 shares of the company’s stock worth $90,000 after buying an additional 1,627 shares during the period. FCA Corp TX purchased a new position in shares of Gold Fields during the 4th quarter valued at about $108,000. Net Worth Advisory Group bought a new position in shares of Gold Fields during the 4th quarter valued at approximately $136,000. Finally, Signaturefd LLC increased its holdings in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after acquiring an additional 1,656 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. HSBC restated a “hold” rating and set a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Hsbc Global Res raised shares of Gold Fields to a “hold” rating in a report on Thursday, April 17th. Finally, Scotiabank raised their price target on Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.56.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $24.70 on Tuesday. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 0.28 and a beta of 0.55. The firm has a fifty day moving average price of $23.12 and a 200 day moving average price of $19.68. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $26.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14.

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.