Arrowstreet Capital Limited Partnership Grows Stock Holdings in Gold Fields Limited $GFI

Arrowstreet Capital Limited Partnership raised its stake in shares of Gold Fields Limited (NYSE:GFI) by 84.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,549,220 shares of the company’s stock after acquiring an additional 2,545,579 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.62% of Gold Fields worth $131,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new position in shares of Gold Fields in the second quarter valued at approximately $26,000. Country Trust Bank purchased a new position in Gold Fields in the 2nd quarter valued at $26,000. IFP Advisors Inc increased its stake in Gold Fields by 672.1% in the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after buying an additional 1,351 shares during the period. FNY Investment Advisers LLC purchased a new position in Gold Fields during the 2nd quarter worth $47,000. Finally, SVB Wealth LLC acquired a new stake in shares of Gold Fields in the 1st quarter worth $48,000. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their price target on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Wednesday, October 8th. Citigroup raised their price target on Gold Fields to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Finally, JPMorgan Chase & Co. initiated coverage on Gold Fields in a research report on Thursday, October 23rd. They issued an “overweight” rating and a $62.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.88.

Gold Fields Stock Down 3.1%

Shares of GFI stock opened at $41.39 on Wednesday. The stock has a fifty day moving average price of $40.85 and a 200 day moving average price of $32.54. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $47.18.

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.