Gold Fields Limited (NYSE:GFI) is RWC Asset Advisors US LLC’s Largest Position

RWC Asset Advisors US LLC cut its holdings in Gold Fields Limited (NYSE:GFI) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,770,658 shares of the company’s stock after selling 796,109 shares during the quarter. Gold Fields makes up about 17.8% of RWC Asset Advisors US LLC’s holdings, making the stock its biggest holding. RWC Asset Advisors US LLC owned 0.76% of Gold Fields worth $89,373,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp increased its position 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 valued at $744,566,000 after buying an additional 1,549,372 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Gold Fields in the third quarter worth $9,911,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after acquiring an additional 580,546 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Gold Fields by 78.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company’s stock worth $7,735,000 after purchasing an additional 257,081 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in Gold Fields in the 4th quarter worth about $1,641,000. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Down 2.8 %

Shares of NYSE GFI opened at $18.67 on Monday. The firm’s 50-day moving average price is $15.92 and its 200-day moving average price is $15.50. Gold Fields Limited has a 52-week low of $12.28 and a 52-week high of $19.80. The company has a market cap of $16.71 billion, a PE ratio of 7.94, a PEG ratio of 0.30 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently 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.