Wells Fargo & Company MN Buys 847,763 Shares of Gold Fields Limited (NYSE:GFI)

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Wells Fargo & Company MN raised its stake in Gold Fields Limited (NYSE:GFI) by 1,225.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 916,948 shares of the company’s stock after purchasing an additional 847,763 shares during the period. Wells Fargo & Company MN owned approximately 0.11% of Gold Fields worth $4,961,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GFI. F3Logic LLC lifted its holdings in shares of Gold Fields by 98.7% during the 2nd quarter. F3Logic LLC now owns 26,324 shares of the company’s stock worth $144,000 after acquiring an additional 13,079 shares during the period. First Allied Advisory Services Inc. bought a new position in shares of Gold Fields during the 1st quarter worth about $71,000. Aperio Group LLC lifted its holdings in shares of Gold Fields by 9.4% during the 2nd quarter. Aperio Group LLC now owns 1,000,354 shares of the company’s stock worth $5,412,000 after acquiring an additional 85,983 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of Gold Fields by 4.1% during the 1st quarter. Donald Smith & CO. Inc. now owns 32,198,559 shares of the company’s stock worth $120,101,000 after acquiring an additional 1,280,365 shares during the period. Finally, Pendal Group Ltd bought a new position in shares of Gold Fields during the 2nd quarter worth about $3,064,000. 43.08% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on GFI shares. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Gold Fields in a report on Friday, August 16th. ValuEngine downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Zacks Investment Research cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $6.20 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Gold Fields has a consensus rating of “Hold” and an average price target of $4.64.

Shares of Gold Fields stock traded up $0.20 during mid-day trading on Thursday, reaching $4.86. 5,566,027 shares of the stock were exchanged, compared to its average volume of 9,099,630. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 69.39 and a beta of -1.05. The company has a current ratio of 1.61, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. The firm has a 50-day simple moving average of $5.57 and a 200 day simple moving average of $4.70. Gold Fields Limited has a fifty-two week low of $2.39 and a fifty-two week high of $6.29.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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