Parallel Advisors LLC Buys 1,662 Shares of Gold Fields Limited (NYSE:GFI)

Parallel Advisors LLC grew its stake in Gold Fields Limited (NYSE:GFIFree Report) by 51.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,878 shares of the company’s stock after buying an additional 1,662 shares during the quarter. Parallel Advisors LLC’s holdings in Gold Fields were worth $71,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GFI. GAMMA Investing LLC purchased a new stake in Gold Fields in the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in shares of Gold Fields in the third quarter worth $100,000. Cerity Partners LLC purchased a new position in shares of Gold Fields in the fourth quarter worth $149,000. Symmetry Partners LLC bought a new position in shares of Gold Fields during the fourth quarter worth $150,000. Finally, QRG Capital Management Inc. purchased a new position in Gold Fields during the third quarter valued at $116,000. Institutional investors own 26.02% of the company’s stock.

Gold Fields Stock Up 4.1 %

Shares of NYSE:GFI opened at $16.25 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. Gold Fields Limited has a 12 month low of $10.31 and a 12 month high of $18.97. The firm’s 50-day moving average is $16.66 and its 200 day moving average is $15.07.

Wall Street Analysts Forecast Growth

Several research firms have commented on GFI. Scotiabank increased their price objective on shares of Gold Fields from $15.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. boosted their target price on shares of Gold Fields from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. UBS Group lowered Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Finally, StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Gold Fields has an average rating of “Hold” and an average price target of $16.00.

Check Out Our Latest Stock Analysis on Gold Fields

Gold Fields Profile

(Free Report)

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.

See Also

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

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