Franklin Resources Inc. Has $579,000 Stock Position in Gold Fields Limited (NYSE:GFI)

Franklin Resources Inc. raised its position in shares of Gold Fields Limited (NYSE:GFI) by 70.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,129 shares of the company’s stock after acquiring an additional 15,289 shares during the period. Franklin Resources Inc.’s holdings in Gold Fields were worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GFI. Concurrent Investment Advisors LLC bought a new position in Gold Fields during the second quarter worth about $153,000. Ritholtz Wealth Management grew its stake in Gold Fields by 14.5% during the second quarter. Ritholtz Wealth Management now owns 37,935 shares of the company’s stock worth $565,000 after buying an additional 4,800 shares in the last quarter. RWC Asset Management LLP raised its position 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 valued at $53,476,000 after buying an additional 324,885 shares in the last quarter. Range Financial Group LLC bought a new position in Gold Fields in the second quarter valued at approximately $1,243,000. Finally, National Bank of Canada FI lifted its stake in Gold Fields by 6.3% during the second quarter. National Bank of Canada FI now owns 1,760,789 shares of the company’s stock worth $26,165,000 after purchasing an additional 104,145 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GFI shares. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Bank of America began coverage on shares of Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 target price on the stock. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their price target on Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Gold Fields currently has an average rating of “Hold” and an average price target of $16.03.

Gold Fields Stock Down 1.7 %

Shares of NYSE:GFI opened at $13.16 on Tuesday. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 0.43 and a beta of 1.13. The business’s 50 day moving average is $14.95 and its 200 day moving average is $15.27. Gold Fields Limited has a 12-month low of $12.19 and a 12-month high of $18.97.

Gold Fields Company 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.