Gold Fields Limited $GFI Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. increased its stake in Gold Fields Limited (NYSE:GFI) by 1,180.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,101 shares of the company’s stock after purchasing an additional 146,671 shares during the quarter. Cibc World Market Inc.’s holdings in Gold Fields were worth $6,676,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GFI. Penserra Capital Management LLC purchased a new position in Gold Fields in the second quarter valued at about $26,000. Country Trust Bank purchased a new stake in shares of Gold Fields during the 2nd quarter worth approximately $26,000. IFP Advisors Inc grew its holdings in shares of Gold Fields by 672.1% in the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after acquiring an additional 1,351 shares during the period. Archer Investment Corp acquired a new stake in shares of Gold Fields in the 3rd quarter worth approximately $42,000. Finally, FNY Investment Advisers LLC purchased a new position in Gold Fields in the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on GFI. Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Citigroup raised their target price on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Scotiabank lifted their target price on shares of Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Finally, Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.00.

Gold Fields Stock Performance

NYSE:GFI opened at $54.66 on Friday. Gold Fields Limited has a 12-month low of $17.64 and a 12-month high of $61.64. The company’s 50-day moving average is $48.78 and its two-hundred day moving average is $41.38.

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.