RWC Asset Management LLP Has $35.78 Million Stock Position in Gold Fields Limited (NYSE:GFI)

RWC Asset Management LLP increased its stake in shares of Gold Fields Limited (NYSE:GFI) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,710,910 shares of the company’s stock after purchasing an additional 227,704 shares during the period. Gold Fields makes up approximately 1.8% of RWC Asset Management LLP’s investment portfolio, making the stock its 14th largest holding. RWC Asset Management LLP owned about 0.30% of Gold Fields worth $35,784,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Gold Fields during the third quarter worth about $10,600,000. Assenagon Asset Management S.A. acquired a new stake in shares of Gold Fields in the 3rd quarter valued at approximately $613,000. DekaBank Deutsche Girozentrale boosted its stake in Gold Fields by 1.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock worth $1,929,000 after acquiring an additional 2,300 shares during the last quarter. Van ECK Associates Corp boosted its stake in Gold Fields by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock worth $744,566,000 after acquiring an additional 1,549,372 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Gold Fields during the third quarter valued at approximately $160,000. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Gold Fields stock opened at $18.67 on Monday. The business has a fifty day moving average price of $15.92 and a 200-day moving average price of $15.50. Gold Fields Limited has a one year low of $12.28 and a one year high of $19.80. The firm has a market capitalization of $16.71 billion, a P/E ratio of 7.94, a PEG ratio of 0.30 and a beta of 1.15.

Analysts Set New Price Targets

GFI has been the topic of several research analyst reports. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.45.

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.