Bamco Inc. NY Trims Stake in Gold Fields Limited $GFI

Key Points

• Bamco Inc. NY cut its stake in Gold Fields (GFI) by 34.1% in Q3, selling 191,525 shares and now holds 370,774 shares worth about $15.56 million.
• Analyst views are mixed: MarketBeat's consensus is a Hold with a $44 price target, while JPMorgan raised its target to $65 and Zacks and Wall Street Zen recently upgraded the stock to strong-buy.
• Several institutions increased or initiated positions in Q3 (e.g., Thrivent ~$4.31M, CIBC up 1,180% to 159,101 shares, TD Waterhouse +49.5%), and institutional ownership of GFI is 24.81%.

Bamco Inc. NY lowered its position in Gold Fields Limited (NYSE:GFI - Free Report) by 34.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 370,774 shares of the company's stock after selling 191,525 shares during the quarter. Bamco Inc. NY's holdings in Gold Fields were worth $15,558,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GFI. Thrivent Financial for Lutherans bought a new position in Gold Fields in the 3rd quarter worth about $4,314,000. Summit Global Investments boosted its position in shares of Gold Fields by 91.9% during the 3rd quarter. Summit Global Investments now owns 46,205 shares of the company's stock valued at $1,939,000 after acquiring an additional 22,133 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in shares of Gold Fields during the third quarter worth about $1,889,000. Cibc World Market Inc. grew its holdings in shares of Gold Fields by 1,180.0% during the third quarter. Cibc World Market Inc. now owns 159,101 shares of the company's stock worth $6,676,000 after purchasing an additional 146,671 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in shares of Gold Fields by 49.5% in the third quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company's stock worth $5,616,000 after purchasing an additional 44,306 shares during the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

GFI stock opened at $45.62 on Monday. Gold Fields Limited has a one year low of $19.35 and a one year high of $61.64. The company's 50 day moving average price is $52.36 and its two-hundred day moving average price is $44.88.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, January 20th. Royal Bank Of Canada decreased their price target on shares of Gold Fields to $45.00 and set an "outperform" rating on the stock in a report on Monday, November 24th. Zacks Research upgraded shares of Gold Fields from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Gold Fields presently has an average rating of "Hold" and a consensus price target of $44.00.

Gold Fields Company Profile

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.

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