Schroder Investment Management Group lifted its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,228,043 shares of the company's stock after buying an additional 132,541 shares during the period. Schroder Investment Management Group owned about 0.25% of Gold Fields worth $92,330,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of GFI. Bridgewater Advisors Inc. raised its holdings in Gold Fields by 1.6% during the third quarter. Bridgewater Advisors Inc. now owns 20,692 shares of the company's stock worth $868,000 after acquiring an additional 317 shares in the last quarter. CWM LLC grew its stake in Gold Fields by 24.7% in the third quarter. CWM LLC now owns 2,086 shares of the company's stock valued at $88,000 after purchasing an additional 413 shares in the last quarter. Parallel Advisors LLC grew its stake in Gold Fields by 6.0% in the third quarter. Parallel Advisors LLC now owns 7,452 shares of the company's stock valued at $313,000 after purchasing an additional 421 shares in the last quarter. Naviter Wealth LLC increased its position in shares of Gold Fields by 3.4% during the 3rd quarter. Naviter Wealth LLC now owns 12,808 shares of the company's stock worth $537,000 after purchasing an additional 424 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.
Gold Fields Trading Up 3.7%
Shares of Gold Fields stock opened at $52.29 on Tuesday. Gold Fields Limited has a 12-month low of $19.35 and a 12-month high of $61.64. The firm's 50-day moving average price is $51.87 and its two-hundred day moving average price is $44.38.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Wall Street Zen raised Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 21st. Royal Bank Of Canada lowered their target price on shares of Gold Fields to $45.00 and set an "outperform" rating on the stock in a report on Monday, November 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a research report on Thursday, January 22nd. Morgan Stanley cut shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 23rd. Finally, Scotiabank lifted their price objective on shares of Gold Fields from $47.00 to $61.00 and gave the company a "sector perform" rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Gold Fields has an average rating of "Hold" and an average price target of $44.00.
View Our Latest Analysis on Gold Fields
Gold Fields Company Profile
(
Free Report)
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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