Russell Investments Group Ltd. Cuts Stock Position in Gold Fields Limited $GFI

Key Points

• Russell Investments trimmed its stake in Gold Fields by 25.1% in Q3, selling 241,690 shares to hold 721,522 shares worth about $30.3 million.
• Several large institutions ramped up positions—Arrowstreet (+84.7% to 5.55M shares), Invesco (+32.9% to 4.92M), Robeco, American Century and Schroder all added shares—leaving institutional ownership at about 24.81%.
• Analyst sentiment is mixed: the MarketBeat consensus is a "Hold" with a $44 target, though several firms (including JPMorgan raising its target to $65) have issued upgrades; GFI recently traded around $50.92.

Russell Investments Group Ltd. lessened its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 25.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 721,522 shares of the company's stock after selling 241,690 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Gold Fields worth $30,275,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in Gold Fields by 84.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company's stock worth $131,350,000 after purchasing an additional 2,545,579 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Gold Fields by 32.9% during the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company's stock valued at $116,443,000 after purchasing an additional 1,217,594 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Gold Fields by 32.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company's stock valued at $183,416,000 after purchasing an additional 1,062,242 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Gold Fields by 24.3% in the 3rd quarter. American Century Companies Inc. now owns 4,136,901 shares of the company's stock worth $173,584,000 after purchasing an additional 809,816 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Gold Fields by 6.3% in the 3rd quarter. Schroder Investment Management Group now owns 2,228,043 shares of the company's stock worth $92,330,000 after purchasing an additional 132,541 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a research report on Thursday, January 22nd. Wall Street Zen raised Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, January 20th. Citigroup increased their price objective on shares of Gold Fields from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Wednesday, November 26th. Finally, Zacks Research upgraded shares of Gold Fields from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Gold Fields currently has an average rating of "Hold" and a consensus target price of $44.00.

Gold Fields Trading Up 0.7%

NYSE:GFI opened at $50.92 on Friday. The company's fifty day moving average price is $52.32 and its 200-day moving average price is $44.62. Gold Fields Limited has a 1-year low of $19.35 and a 1-year high of $61.64.

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.

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