Metis Global Partners LLC Boosts Stake in Gold Fields Limited (NYSE:GFI)

Metis Global Partners LLC lifted its holdings in shares of Gold Fields Limited (NYSE:GFI) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,113 shares of the company’s stock after purchasing an additional 5,875 shares during the quarter. Metis Global Partners LLC’s holdings in Gold Fields were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GFI. US Bancorp DE boosted its stake in Gold Fields by 18.9% during the fourth quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after buying an additional 1,829 shares during the period. QRG Capital Management Inc. acquired a new position in shares of Gold Fields in the 3rd quarter worth approximately $160,000. Concurrent Investment Advisors LLC boosted its position in shares of Gold Fields by 8.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after purchasing an additional 850 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Gold Fields in the 3rd quarter valued at approximately $209,000. Finally, Rhumbline Advisers increased its holdings in Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after purchasing an additional 720 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on GFI. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Finally, Scotiabank lifted their target price on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Gold Fields Stock Up 3.4 %

NYSE:GFI opened at $19.03 on Wednesday. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $19.80. The company has a fifty day simple moving average of $16.62 and a two-hundred day simple moving average of $15.65. The company has a market cap of $17.03 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15.

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.