ABC Arbitrage SA Purchases New Shares in Gold Fields Limited (NYSE:GFI)

ABC Arbitrage SA acquired a new stake in Gold Fields Limited (NYSE:GFI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 124,319 shares of the company’s stock, valued at approximately $1,641,000.

Other hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. bought a new position in shares of Gold Fields during the 3rd quarter worth $160,000. Concurrent Investment Advisors LLC raised its stake in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after buying an additional 850 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Gold Fields in the third quarter worth about $209,000. Rakuten Securities Inc. raised its stake in shares of Gold Fields by 90.7% in the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after purchasing an additional 7,879 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in Gold Fields by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock valued at $279,000 after acquiring an additional 2,014 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

GFI opened at $18.86 on Friday. The business has a fifty day moving average price of $15.38 and a 200 day moving average price of $15.42. The stock has a market capitalization of $16.88 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.31 and a beta of 1.15. Gold Fields Limited has a 12 month low of $12.28 and a 12 month high of $19.71.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. 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 company has an average rating of “Hold” and an average target price of $16.45.

Gold Fields 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.