Cetera Investment Advisers Purchases 58,908 Shares of Gold Fields Limited (NYSE:GFI)

Cetera Investment Advisers grew its position in Gold Fields Limited (NYSE:GFI) by 322.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,159 shares of the company’s stock after purchasing an additional 58,908 shares during the quarter. Cetera Investment Advisers’ holdings in Gold Fields were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP purchased a new position in shares of Gold Fields in the fourth quarter worth $2,886,000. Raymond James Financial Inc. purchased a new position in shares of Gold Fields in the fourth quarter worth $362,000. Capital Fund Management S.A. purchased a new position in shares of Gold Fields in the fourth quarter worth $4,619,000. Mariner LLC lifted its holdings in shares of Gold Fields by 34.3% in the fourth quarter. Mariner LLC now owns 20,375 shares of the company’s stock worth $269,000 after buying an additional 5,204 shares in the last quarter. Finally, Bridgewater Associates LP lifted its holdings in shares of Gold Fields by 97.1% in the fourth quarter. Bridgewater Associates LP now owns 815,113 shares of the company’s stock worth $10,759,000 after buying an additional 401,567 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Hsbc Global Res raised shares of Gold Fields to a “hold” rating in a report on Thursday, April 17th. Canaccord Genuity Group assumed coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a “buy” rating and a $33.00 target price on the stock. HSBC reissued a “hold” rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. Finally, Scotiabank upped their price target on shares of Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Gold Fields has an average rating of “Moderate Buy” and an average target price of $22.36.

Gold Fields Price Performance

Gold Fields stock opened at $31.28 on Friday. The company has a market cap of $28.00 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.33 and a beta of 0.42. The firm’s fifty day moving average is $25.07 and its 200 day moving average is $22.18. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $31.77.

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.