Causeway Capital Management LLC Buys 189,362 Shares of Gold Fields Limited $GFI

Key Points

• Causeway Capital Management increased its stake in Gold Fields by 14.0% in Q3, buying 189,362 shares to hold 1,543,015 shares (about 0.17% of Gold Fields) valued at roughly $64.7 million, making GFI its 22nd-largest position and about 0.9% of its portfolio.
• Analyst sentiment is mixed: MarketBeat shows a consensus Hold with a $44 target while the stock trades around $52.29 (52-week range $19.35–$61.64), with divergent calls such as Citigroup raising its target to $57 and Morgan Stanley downgrading to underweight.

Causeway Capital Management LLC boosted its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 14.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,543,015 shares of the company's stock after acquiring an additional 189,362 shares during the period. Gold Fields accounts for about 0.9% of Causeway Capital Management LLC's holdings, making the stock its 22nd biggest position. Causeway Capital Management LLC owned about 0.17% of Gold Fields worth $64,745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GFI. Penserra Capital Management LLC bought a new stake in shares of Gold Fields in the 2nd quarter worth approximately $26,000. Country Trust Bank purchased a new stake in shares of Gold Fields during the second quarter worth $26,000. Archer Investment Corp bought a new position in shares of Gold Fields in the third quarter worth $42,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Gold Fields during the 3rd quarter valued at $45,000. Finally, Allworth Financial LP lifted its holdings in Gold Fields by 31.8% during the 2nd quarter. Allworth Financial LP now owns 2,007 shares of the company's stock worth $48,000 after purchasing an additional 484 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Price Performance

NYSE:GFI opened at $52.29 on Tuesday. Gold Fields Limited has a one year low of $19.35 and a one year high of $61.64. The company's 50-day simple moving average is $51.87 and its 200 day simple moving average is $44.38.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a report on Thursday, January 22nd. Citigroup upped their target price on Gold Fields from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Wednesday, November 26th. Morgan Stanley lowered Gold Fields from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 21st. Finally, Scotiabank boosted their target price on Gold Fields from $47.00 to $61.00 and gave the company a "sector perform" rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Gold Fields has an average rating of "Hold" and a consensus target price of $44.00.

Gold Fields 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.

Want to see what other hedge funds are holding GFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold Fields Limited (NYSE:GFI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.