Barometer Capital Management Inc. Boosts Stake in Gold Fields Limited $GFI

Barometer Capital Management Inc. grew its stake in shares of Gold Fields Limited (NYSE:GFI) by 53.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,346 shares of the company’s stock after buying an additional 12,600 shares during the period. Barometer Capital Management Inc.’s holdings in Gold Fields were worth $1,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp increased its position in Gold Fields by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock worth $1,439,365,000 after purchasing an additional 539,923 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Gold Fields by 84.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock valued at $131,350,000 after buying an additional 2,545,579 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Gold Fields by 32.9% during the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after buying an additional 1,217,594 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Gold Fields by 32.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock worth $183,416,000 after acquiring an additional 1,062,242 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Gold Fields by 24.3% during the third quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock worth $173,584,000 after acquiring an additional 809,816 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GFI. Scotiabank increased their price target 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. Royal Bank Of Canada decreased their price target on Gold Fields to $45.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of 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 restated a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $44.00.

Gold Fields Price Performance

GFI opened at $50.65 on Thursday. Gold Fields Limited has a 1 year low of $19.35 and a 1 year high of $61.64. The firm has a 50 day moving average price of $52.17 and a 200 day moving average price of $44.57.

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.