365,558 Shares in Gold Fields Limited (NYSE:GFI) Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. bought a new position in shares of Gold Fields Limited (NYSE:GFI) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 365,558 shares of the company’s stock, valued at approximately $8,075,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of Gold Fields by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 45,442 shares of the company’s stock worth $600,000 after buying an additional 6,974 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Gold Fields during the 4th quarter worth approximately $362,000. HighTower Advisors LLC grew its position in shares of Gold Fields by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after buying an additional 573 shares during the period. Signaturefd LLC grew its position in shares of Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after buying an additional 1,656 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Gold Fields by 6.4% during the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company’s stock worth $39,283,000 after buying an additional 178,973 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Up 5.0%

Shares of NYSE GFI opened at $25.43 on Tuesday. The company has a 50 day simple moving average of $23.55 and a 200 day simple moving average of $21.02. The firm has a market cap of $22.76 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.26 and a beta of 0.54. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $26.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GFI shares. Hsbc Global Res raised shares of Gold Fields to a “hold” rating in a research note on Thursday, April 17th. HSBC reissued a “hold” rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th. Finally, 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 report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.70.

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.