Assenagon Asset Management S.A. Acquires New Position in Gold Fields Limited (NYSE:GFI)

Assenagon Asset Management S.A. acquired a new stake in shares of Gold Fields Limited (NYSE:GFI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 131,930 shares of the company’s stock, valued at approximately $2,914,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GFI. DJE Kapital AG acquired a new stake in Gold Fields in the fourth quarter valued at approximately $33,486,000. Marshall Wace LLP lifted its stake in Gold Fields by 1,594.7% in the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company’s stock valued at $27,913,000 after acquiring an additional 1,989,849 shares during the last quarter. Man Group plc lifted its stake in Gold Fields by 119.9% in the fourth quarter. Man Group plc now owns 1,417,329 shares of the company’s stock valued at $18,709,000 after acquiring an additional 772,928 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Gold Fields in the fourth quarter valued at approximately $9,033,000. Finally, PKO Investment Management Joint Stock Co acquired a new stake in Gold Fields in the fourth quarter valued at approximately $5,346,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GFI shares. Scotiabank boosted their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Hsbc Global Res upgraded shares of Gold Fields to a “hold” rating in a research note on Thursday, April 17th. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 30th. Finally, HSBC restated a “hold” rating and issued a $21.00 price objective on shares of Gold Fields in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.56.

Gold Fields Trading Down 3.5%

Shares of GFI stock opened at $24.80 on Tuesday. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $26.36. The firm’s fifty day simple moving average is $22.98 and its 200 day simple moving average is $19.32. The firm has a market capitalization of $22.20 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 0.30 and a beta of 0.55.

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.