Profund Advisors LLC Grows Stock Position in Gold Fields Limited $GFI

Profund Advisors LLC boosted its holdings in Gold Fields Limited (NYSE:GFI) by 38.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 132,900 shares of the company’s stock after acquiring an additional 36,810 shares during the period. Profund Advisors LLC’s holdings in Gold Fields were worth $5,576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GFI. RFG Advisory LLC purchased a new stake in Gold Fields in the third quarter valued at $1,867,000. AdvisorShares Investments LLC purchased a new stake in Gold Fields in the 3rd quarter valued at about $1,889,000. Alps Advisors Inc. lifted its position in Gold Fields by 46.5% in the third quarter. Alps Advisors Inc. now owns 259,655 shares of the company’s stock valued at $10,895,000 after buying an additional 82,430 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Gold Fields by 205.8% in the third quarter. SBI Securities Co. Ltd. now owns 120,319 shares of the company’s stock valued at $5,049,000 after buying an additional 80,975 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Gold Fields by 21.3% during the third quarter. Envestnet Asset Management Inc. now owns 520,353 shares of the company’s stock worth $21,834,000 after buying an additional 91,424 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Up 6.9%

Gold Fields stock opened at $53.49 on Monday. Gold Fields Limited has a twelve month low of $17.64 and a twelve month high of $61.64. The stock’s fifty day simple moving average is $47.44 and its 200-day simple moving average is $40.54.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GFI. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Canaccord Genuity Group cut Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research note on Monday, October 13th. Finally, Royal Bank Of Canada decreased their target price on Gold Fields to $45.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.00.

Gold Fields Company Profile

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.