Factory Mutual Insurance Co. Makes New Investment in Gold Fields Limited $GFI

Factory Mutual Insurance Co. purchased a new stake in Gold Fields Limited (NYSE:GFI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 122,003 shares of the company’s stock, valued at approximately $5,119,000.

Other hedge funds have also modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in Gold Fields in the 2nd quarter valued at about $26,000. Country Trust Bank acquired a new stake in shares of Gold Fields during the second quarter valued at about $26,000. Archer Investment Corp purchased a new stake in shares of Gold Fields in the 3rd quarter valued at approximately $42,000. FNY Investment Advisers LLC purchased a new stake in shares of Gold Fields in the 2nd quarter valued at approximately $47,000. Finally, Allworth Financial LP lifted its holdings in shares of 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 acquiring an additional 484 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Citigroup raised their price target on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Finally, Scotiabank lifted their target price on Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $44.00.

Gold Fields Trading Up 1.1%

Shares of NYSE GFI opened at $52.90 on Friday. Gold Fields Limited has a 12-month low of $17.64 and a 12-month high of $61.64. The business’s fifty day simple moving average is $49.56 and its 200-day simple moving average is $42.15.

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.