Advisors Preferred LLC Invests $449,000 in Gold Fields Limited $GFI

Advisors Preferred LLC bought a new position in Gold Fields Limited (NYSE:GFI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,753 shares of the company’s stock, valued at approximately $449,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Archer Investment Corp bought a new stake in Gold Fields in the 3rd quarter worth approximately $42,000. Country Trust Bank bought a new position in shares of Gold Fields during the 2nd quarter valued at approximately $26,000. Penserra Capital Management LLC purchased a new position in shares of Gold Fields in the second quarter valued at $26,000. Westside Investment Management Inc. increased its position in Gold Fields by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,210 shares of the company’s stock worth $51,000 after purchasing an additional 605 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its position in Gold Fields by 65.0% in the third quarter. Richardson Financial Services Inc. now owns 1,988 shares of the company’s stock worth $83,000 after purchasing an additional 783 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Gold Fields Price Performance

Gold Fields stock opened at $54.16 on Friday. Gold Fields Limited has a 1-year low of $17.64 and a 1-year high of $61.64. The company’s 50-day moving average is $49.77 and its 200 day moving average is $42.42.

Analyst Ratings Changes

Several research firms have commented on GFI. JPMorgan Chase & Co. increased their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Scotiabank increased their price target on shares of Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Wall Street Zen raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Citigroup raised their price objective on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. One 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 company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.00.

Gold Fields 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.