Citigroup Inc. Has $4.65 Million Position in Gold Fields Limited $GFI

Citigroup Inc. reduced its stake in Gold Fields Limited (NYSE:GFI) by 45.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,826 shares of the company’s stock after selling 90,807 shares during the quarter. Citigroup Inc.’s holdings in Gold Fields were worth $4,650,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GFI. Archer Investment Corp bought a new stake in Gold Fields in the 3rd quarter valued at $42,000. Country Trust Bank acquired a new stake in shares of Gold Fields during the second quarter worth $26,000. Penserra Capital Management LLC bought a new stake in shares of Gold Fields in the second quarter valued at about $26,000. Westside Investment Management Inc. boosted its position in shares of Gold Fields by 100.0% in the third 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 during the period. Finally, Richardson Financial Services Inc. grew its stake in shares of Gold Fields by 65.0% in the third quarter. Richardson Financial Services Inc. now owns 1,988 shares of the company’s stock valued at $83,000 after acquiring an additional 783 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

Shares of GFI opened at $51.23 on Wednesday. The firm has a 50 day simple moving average of $51.44 and a two-hundred day simple moving average of $43.79. Gold Fields Limited has a one year low of $18.45 and a one year high of $61.64.

Analyst Upgrades and Downgrades

GFI has been the subject of several analyst reports. Royal Bank Of Canada dropped their price objective on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Wall Street Zen raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Scotiabank raised their price objective on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. upped their target price on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.