ABC Arbitrage SA bought a new position in Gold Fields Limited (NYSE:GFI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 124,319 shares of the company's stock, valued at approximately $1,641,000.
Several other large investors have also recently modified their holdings of GFI. Allspring Global Investments Holdings LLC boosted its stake in Gold Fields by 8.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock worth $21,194,000 after buying an additional 122,247 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Gold Fields by 78.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock worth $7,735,000 after acquiring an additional 257,081 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Gold Fields by 42.3% in the 4th quarter. SG Americas Securities LLC now owns 87,990 shares of the company's stock worth $1,161,000 after acquiring an additional 26,143 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Gold Fields by 10.5% during the 4th quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company's stock worth $279,000 after purchasing an additional 2,014 shares during the period. Finally, Range Financial Group LLC bought a new position in Gold Fields during the 4th quarter valued at about $770,000. Institutional investors own 24.81% of the company's stock.
Wall Street Analysts Forecast Growth
GFI has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. StockNews.com lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $16.45.
Check Out Our Latest Stock Report on GFI
Gold Fields Stock Performance
Shares of NYSE:GFI traded down $0.27 during trading on Wednesday, reaching $18.82. 2,680,018 shares of the company were exchanged, compared to its average volume of 2,781,144. The business's fifty day simple moving average is $15.74 and its 200-day simple moving average is $15.47. Gold Fields Limited has a 12-month low of $12.28 and a 12-month high of $19.71.
Gold Fields Profile
(
Free Report)
Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.
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