State Street Corp Raises Stock Position in Gold Fields Limited (NYSE:GFI)

State Street Corp boosted its stake in Gold Fields Limited (NYSE:GFI) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,194,633 shares of the company’s stock after acquiring an additional 25,972 shares during the quarter. State Street Corp owned about 0.13% of Gold Fields worth $18,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GFI. TrueMark Investments LLC bought a new stake in shares of Gold Fields in the 2nd quarter worth about $417,000. Concurrent Investment Advisors LLC bought a new stake in Gold Fields during the 2nd quarter valued at $153,000. Ritholtz Wealth Management lifted its holdings in Gold Fields by 14.5% in the second quarter. Ritholtz Wealth Management now owns 37,935 shares of the company’s stock worth $565,000 after purchasing an additional 4,800 shares during the period. RWC Asset Management LLP lifted its stake in shares of Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after acquiring an additional 324,885 shares during the period. Finally, Range Financial Group LLC acquired a new stake in Gold Fields in the second quarter worth approximately $1,243,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Trading Down 2.9 %

Shares of NYSE:GFI opened at $13.39 on Tuesday. The business has a 50-day moving average price of $15.33 and a two-hundred day moving average price of $15.33. Gold Fields Limited has a 1-year low of $12.19 and a 1-year high of $18.97. The stock has a market capitalization of $11.98 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.43 and a beta of 1.13.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GFI. Bank of America initiated coverage on shares of Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Gold Fields from $18.00 to $17.10 and set a “neutral” rating for the company in a report on Friday, December 6th. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Scotiabank decreased their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.03.

Gold Fields Profile

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.