South Street Advisors LLC Lowers Stock Position in Gold Fields Limited $GFI

Key Points

• South Street Advisors trimmed its Gold Fields stake by 7.8% in Q3, selling 59,820 shares and holding 708,012 shares worth about $29.7 million, which represents ~3.9% of the fund and is its 6th largest position.
• Analyst coverage is mixed — one Strong Buy, four Buys, five Holds and one Sell — leaving a MarketBeat consensus rating of Hold with a consensus target price of $44.00.
• Gold Fields (NYSE:GFI) recently opened at $45.62, with a 50-day moving average of $52.36, 200-day average of $44.71, and a 52-week range of $19.35–$61.64.

South Street Advisors LLC cut its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 708,012 shares of the company's stock after selling 59,820 shares during the quarter. Gold Fields makes up approximately 3.9% of South Street Advisors LLC's portfolio, making the stock its 6th largest holding. South Street Advisors LLC owned 0.08% of Gold Fields worth $29,708,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GFI. Penserra Capital Management LLC bought a new position in Gold Fields in the 2nd quarter valued at $26,000. Country Trust Bank purchased a new position in shares of Gold Fields in the 2nd quarter worth about $26,000. Archer Investment Corp bought a new position in Gold Fields during the third quarter valued at approximately $42,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Gold Fields during the 3rd quarter valued at $45,000. Finally, Allworth Financial LP increased its holdings in shares of Gold Fields by 31.8% in the second quarter. Allworth Financial LP now owns 2,007 shares of the company's stock worth $48,000 after buying an additional 484 shares during the period. 24.81% of the stock is owned by institutional investors.

Gold Fields Stock Performance

NYSE:GFI opened at $45.62 on Friday. The stock's fifty day moving average is $52.36 and its 200 day moving average is $44.71. Gold Fields Limited has a fifty-two week low of $19.35 and a fifty-two week high of $61.64.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GFI. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a research report on Thursday, January 22nd. Citigroup upped their price target 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 shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 23rd. Scotiabank boosted their price target on Gold Fields from $47.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada decreased their price objective on shares of Gold Fields to $45.00 and set an "outperform" rating for the company in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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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