Envestnet Asset Management Inc. Purchases Shares of 365,558 Gold Fields Limited (NYSE:GFI)

Envestnet Asset Management Inc. purchased a new stake in Gold Fields Limited (NYSE:GFI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 365,558 shares of the company’s stock, valued at approximately $8,075,000.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its stake in shares of Gold Fields by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock valued at $1,388,000 after purchasing an additional 573 shares during the last quarter. GAMMA Investing LLC lifted its position in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock worth $83,000 after acquiring an additional 649 shares during the last quarter. Parallel Advisors LLC lifted its position in Gold Fields by 24.1% during the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company’s stock worth $148,000 after acquiring an additional 1,298 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in Gold Fields by 3.4% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock worth $638,000 after acquiring an additional 1,583 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Gold Fields by 67.1% during the 1st quarter. Blue Trust Inc. now owns 4,053 shares of the company’s stock worth $90,000 after acquiring an additional 1,627 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

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 report on Thursday, April 17th. Scotiabank increased their price target 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. HSBC reissued a “hold” rating and issued a $21.00 price target on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Gold Fields presently has an average rating of “Hold” and a consensus price target of $19.70.

Gold Fields Trading Up 5.0%

Shares of NYSE:GFI opened at $25.43 on Tuesday. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $26.36. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $23.55 and its 200 day simple moving average is $21.02. The firm has a market cap of $22.76 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.26 and a beta of 0.54.

About Gold Fields

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.