Principal Financial Group Inc. Has $3.72 Million Stock Position in Gold Fields Limited $GFI

Principal Financial Group Inc. grew its position in Gold Fields Limited (NYSE:GFI) by 226.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,656 shares of the company’s stock after acquiring an additional 61,490 shares during the period. Principal Financial Group Inc.’s holdings in Gold Fields were worth $3,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in Gold Fields by 84.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after purchasing an additional 2,545,579 shares during the last quarter. Invesco Ltd. increased its position in Gold Fields by 32.9% during the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock worth $116,443,000 after buying an additional 1,217,594 shares during the period. DJE Kapital AG lifted its holdings in shares of Gold Fields by 19.7% during the second quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after buying an additional 742,174 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Gold Fields by 32.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after acquiring an additional 1,062,242 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Gold Fields by 5.5% in the second quarter. American Century Companies Inc. now owns 3,327,085 shares of the company’s stock valued at $78,752,000 after acquiring an additional 172,239 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Royal Bank Of Canada reduced their price target on Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Scotiabank lifted their price objective on Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Gold Fields presently has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Stock Up 4.8%

Shares of GFI stock opened at $54.66 on Tuesday. Gold Fields Limited has a fifty-two week low of $17.64 and a fifty-two week high of $61.64. The stock’s fifty day moving average price is $49.05 and its two-hundred day moving average price is $41.82.

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.