Envestnet Asset Management Inc. Grows Stock Holdings in Gold Fields Limited $GFI

Envestnet Asset Management Inc. raised its stake in shares of Gold Fields Limited (NYSE:GFI) by 21.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 520,353 shares of the company’s stock after acquiring an additional 91,424 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Gold Fields worth $21,834,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in shares of Gold Fields by 20.3% in the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after purchasing an additional 32,343 shares during the period. NewEdge Advisors LLC increased its stake in Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after buying an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Gold Fields during the 1st quarter worth $236,000. Jones Financial Companies Lllp purchased a new position in Gold Fields during the 1st quarter worth $268,000. Finally, IFP Advisors Inc lifted its stake 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. 24.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada dropped their target price on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. upped their price target on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.00.

Gold Fields Price Performance

NYSE:GFI opened at $54.66 on Friday. The firm has a 50 day simple moving average of $48.78 and a 200-day simple moving average of $41.38. Gold Fields Limited has a 1-year low of $17.64 and a 1-year high of $61.64.

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.