SBI Securities Co. Ltd. Makes New Investment in Gold Fields Limited (NYSE:GFI)

SBI Securities Co. Ltd. bought a new position in shares of Gold Fields Limited (NYSE:GFI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,614 shares of the company’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ABC Arbitrage SA purchased a new position in shares of Gold Fields during the 4th quarter worth approximately $1,641,000. Bank of Montreal Can boosted its position in shares of Gold Fields by 36.9% in the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after purchasing an additional 71,094 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Gold Fields in the 3rd quarter worth approximately $1,052,000. Massachusetts Financial Services Co. MA boosted its position in shares of Gold Fields by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after purchasing an additional 580,546 shares in the last quarter. Finally, Range Financial Group LLC bought a new stake in shares of Gold Fields in the 4th quarter worth approximately $770,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

GFI has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted 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. Scotiabank boosted their price target on Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. Finally, StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Gold Fields Trading Up 3.4 %

GFI stock opened at $19.03 on Wednesday. The stock has a market capitalization of $17.03 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $19.80. The stock’s 50 day simple moving average is $16.62 and its 200 day simple moving average is $15.65.

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.