The Manufacturers Life Insurance Company Sells 17,646 Shares of Gold Fields Limited (NYSE:GFI)

The Manufacturers Life Insurance Company cut its holdings in shares of Gold Fields Limited (NYSE:GFI) by 19.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,128 shares of the company’s stock after selling 17,646 shares during the period. The Manufacturers Life Insurance Company’s holdings in Gold Fields were worth $1,107,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. LGT Fund Management Co Ltd. bought a new position in Gold Fields during the second quarter worth about $149,000. Concurrent Investment Advisors LLC bought a new position in shares of Gold Fields in the 2nd quarter worth approximately $153,000. QRG Capital Management Inc. bought a new stake in Gold Fields during the third quarter worth about $160,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after acquiring an additional 1,090 shares during the last quarter. Finally, Candriam S.C.A. bought a new stake in shares of Gold Fields in the 2nd quarter worth $189,000. 26.02% of the stock is currently owned by institutional investors.

Gold Fields Trading Up 2.3 %

Shares of NYSE GFI opened at $14.90 on Thursday. The company’s 50-day simple moving average is $15.56 and its 200-day simple moving average is $15.44. Gold Fields Limited has a 52-week low of $12.19 and a 52-week high of $18.97.

Wall Street Analyst Weigh In

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

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.