AdvisorShares Investments LLC Invests $1.89 Million in Gold Fields Limited $GFI

AdvisorShares Investments LLC acquired a new stake in Gold Fields Limited (NYSE:GFI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 45,024 shares of the company’s stock, valued at approximately $1,889,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GFI. Archer Investment Corp purchased a new stake in shares of Gold Fields during the third quarter worth $42,000. Country Trust Bank purchased a new position in shares of Gold Fields in the second quarter worth about $26,000. Penserra Capital Management LLC acquired a new position in Gold Fields during the second quarter worth about $26,000. Westside Investment Management Inc. grew its stake in Gold Fields by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,210 shares of the company’s stock valued at $51,000 after acquiring an additional 605 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Gold Fields by 672.1% in the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after acquiring an additional 1,351 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GFI. Scotiabank boosted their target price on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. raised their target price on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Citigroup boosted their price target on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. One equities research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.00.

Gold Fields Trading Up 6.9%

NYSE GFI opened at $53.49 on Friday. The stock has a fifty day simple moving average of $47.44 and a 200-day simple moving average of $40.43. Gold Fields Limited has a twelve month low of $17.64 and a twelve month high of $61.64.

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.