Penserra Capital Management LLC Increases Stock Holdings in Gold Fields Limited $GFI

Penserra Capital Management LLC boosted its stake in Gold Fields Limited (NYSE:GFI) by 6,573.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,082 shares of the company’s stock after acquiring an additional 74,942 shares during the quarter. Penserra Capital Management LLC’s holdings in Gold Fields were worth $3,192,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Bridgewater Advisors Inc. lifted its position in shares of Gold Fields by 1.8% during the second quarter. Bridgewater Advisors Inc. now owns 20,375 shares of the company’s stock worth $516,000 after purchasing an additional 354 shares in the last quarter. CWM LLC increased its stake in Gold Fields by 24.7% during the 3rd quarter. CWM LLC now owns 2,086 shares of the company’s stock worth $88,000 after buying an additional 413 shares during the period. Allworth Financial LP lifted its holdings in Gold Fields by 31.8% in the 2nd quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock worth $48,000 after buying an additional 484 shares in the last quarter. Park Avenue Securities LLC boosted its position in Gold Fields by 0.9% in the 3rd quarter. Park Avenue Securities LLC now owns 58,568 shares of the company’s stock valued at $2,458,000 after buying an additional 495 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Gold Fields by 34.2% in the 2nd quarter. Assetmark Inc. now owns 2,189 shares of the company’s stock valued at $52,000 after buying an additional 558 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GFI shares. Canaccord Genuity Group cut Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a research note on Monday, October 13th. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Finally, HSBC reaffirmed a “hold” rating on shares of Gold Fields in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and an average target price of $44.00.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $50.06 on Friday. The company’s fifty day moving average is $47.23 and its two-hundred day moving average is $40.14. Gold Fields Limited has a 1-year low of $17.64 and a 1-year high of $61.64.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.