Allspring Global Investments Holdings LLC Raises Stake in Gold Fields Limited $GFI

Allspring Global Investments Holdings LLC lifted its position in Gold Fields Limited (NYSE:GFI) by 62.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,371,649 shares of the company’s stock after purchasing an additional 910,580 shares during the period. Allspring Global Investments Holdings LLC owned about 0.26% of Gold Fields worth $114,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Gold Fields by 4.5% in the 1st quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock worth $225,000 after buying an additional 215 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Gold Fields by 0.3% in the first quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock worth $3,617,000 after acquiring an additional 241 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Gold Fields by 1.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock worth $786,000 after acquiring an additional 251 shares during the period. Harbour Capital Advisors LLC grew its position in shares of Gold Fields by 0.5% during the fourth quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock worth $2,201,000 after purchasing an additional 265 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Gold Fields by 3.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company’s stock worth $338,000 after purchasing an additional 269 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada reduced their price objective on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and boosted their target price for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.75.

Gold Fields Stock Down 0.3%

Gold Fields stock opened at $32.00 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. Gold Fields Limited has a 1-year low of $23.86 and a 1-year high of $61.64. The company’s 50-day moving average is $37.08 and its 200 day moving average is $44.80.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.