Advisors Asset Management Inc. Trims Stock Position in Gold Fields Limited $GFI

Advisors Asset Management Inc. lessened its position in shares of Gold Fields Limited (NYSE:GFI) by 12.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,821 shares of the company’s stock after selling 10,593 shares during the quarter. Advisors Asset Management Inc.’s holdings in Gold Fields were worth $3,098,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in Gold Fields in the 2nd quarter valued at $26,000. Country Trust Bank purchased a new stake in Gold Fields in the 2nd quarter valued at $26,000. IFP Advisors Inc raised its stake in shares of Gold Fields by 672.1% during the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after purchasing an additional 1,351 shares during the last quarter. Archer Investment Corp purchased a new position in shares of Gold Fields during the 3rd quarter worth approximately $42,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Gold Fields during the 2nd quarter valued at approximately $47,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Trading Up 4.8%

NYSE:GFI opened at $54.66 on Friday. The company has a fifty day moving average price of $48.78 and a 200 day moving average price of $41.49. Gold Fields Limited has a one year low of $17.64 and a one year high of $61.64.

Wall Street Analyst Weigh In

GFI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada decreased their price target on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.00.

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.