B. Riley Wealth Advisors, Inc. acquired a new position in the shares of Gold Fields Limited (NYSE: GFI – Free Report) in the fourth quarter, according to its latest 13F filing with the SEC. The fund acquired 37,271 shares of the company, valued at approximately $386,000.
Several other institutional investors have also changed their GFI holdings. Arrow Street Capital Limited Partnership acquired a new position in Goldfields shares in the fourth quarter for his $51.703 million. Balyasny Asset Management LLC increased his holding of Gold Fields shares by 6,833.8% in the third quarter. Balyasny Asset Management LLC acquired an additional 3,416,882 shares during the period and now holds 3,466,882 shares of the company worth $2,8047,000. BlackRock increased its Gold Fields stake by 10.2% in the first quarter. BlackRock Inc. acquired an additional 2,368,601 shares during the period and now owns 25,589,382 shares of the company stock valued at $395,611,000. TIG Advisors LLC increased its holding of Gold Fields shares by 274.4% in the third quarter. TIG Advisors LLC acquired an additional 2,106,511 shares during the period and now owns 2,874,241 shares of the company stock valued at $23,253,000. Finally, State Street Corporation increased its holding of Gold Fields shares by 575.1% in the second quarter. State Street Corporation acquired an additional 1,637,853 shares during the period and now owns 1,922,648 shares of the company stock worth $17.54 million. Hedge funds and other institutional investors hold 23.58% of the company’s shares.
Analyst upgrades and downgrades
GFI has been the subject of many recent research reports. JPMorgan Chase downgraded Gold Fields shares from ‘neutral’ to ‘underweight’ in a report on Friday. Investec downgraded Gold Fields shares from a ‘buy’ to a ‘hold’ rating in a research note on Monday, April 17. StockNews.com on Friday upgraded Gold Fields’ stock from a ‘hold’ rating to a ‘buy’ rating in a research note. Finally, HSBC downgraded Gold Fields shares from a ‘hold’ rating to a ‘downgrade’ rating in a research note on Wednesday, May 3. Two equity research analysts gave the company a sell rating, two a hold rating, and one a buy rating. Gold Fields has an average “hold” valuation and a consensus price target of $11.50, according to Marketbeat.
Goldfields price performance
GFI shares opened at $13.83 on Friday. Gold Fields Limited hit a one-year low of $7.03 and a one-year high of $17.78. The company’s 50-day moving average is $15.26 and its 200-day moving average is $12.90. The company has a debt to equity ratio of 0.32, a current ratio of 2.29 and a quick ratio of 1.33.
About Gold Fields
Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia and Peru. The company also explores copper deposits. The company holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in his 1887 and is based in Sandton, South Africa.
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