SBI Securities Co. Ltd. Takes $483,000 Position in Gold Fields Limited (NYSE:GFI)

SBI Securities Co. Ltd. bought a new stake in Gold Fields Limited (NYSE:GFI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 36,614 shares of the company’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ABC Arbitrage SA bought a new stake in shares of Gold Fields in the 4th quarter valued at about $1,641,000. Bank of Montreal Can lifted its stake 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 valued at $4,280,000 after acquiring an additional 71,094 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Gold Fields in the 3rd quarter valued at about $1,052,000. Massachusetts Financial Services Co. MA lifted its stake 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 valued at $94,492,000 after acquiring an additional 580,546 shares during the last quarter. Finally, Range Financial Group LLC bought a new stake in shares of Gold Fields in the 4th quarter valued at about $770,000. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $19.03 on Wednesday. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $19.80. The stock’s 50-day moving average is $16.62 and its 200 day moving average is $15.65. The company has a market cap of $17.03 billion, a PE ratio of 8.10, a P/E/G ratio of 0.30 and a beta of 1.15.

Wall Street Analysts Forecast Growth

GFI has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. Finally, Scotiabank boosted their price target on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields 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.