Gold Fields Limited (NYSE:GFI) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of Gold Fields Limited (NYSE:GFI) by 131.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,152 shares of the company’s stock after purchasing an additional 17,664 shares during the period. Cerity Partners LLC’s holdings in Gold Fields were worth $478,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Gold Fields by 3.3% in the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after purchasing an additional 1,549,372 shares during the period. Mackenzie Financial Corp grew its stake in shares of Gold Fields by 28.7% in the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after purchasing an additional 581,730 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after purchasing an additional 580,546 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Gold Fields by 66.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock valued at $21,263,000 after purchasing an additional 551,210 shares in the last quarter. Finally, RWC Asset Management LLP lifted its holdings in Gold Fields by 10.0% in the second quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after purchasing an additional 324,885 shares during the period. 26.02% of the stock is currently owned by institutional investors.

Gold Fields Stock Performance

Gold Fields stock opened at $13.89 on Monday. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 6.61, a price-to-earnings-growth ratio of 0.41 and a beta of 1.13. Gold Fields Limited has a 1 year low of $12.19 and a 1 year high of $18.97. The firm’s 50 day moving average price is $15.64 and its two-hundred day moving average price is $15.47.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America initiated coverage on shares of Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 target price on the stock. Investec raised Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Scotiabank decreased their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. JPMorgan Chase & Co. dropped their price objective on Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a research note on Friday. Finally, StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.03.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.