FMR LLC lowered its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 98.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,429 shares of the company's stock after selling 2,549,448 shares during the quarter. FMR LLC's holdings in Gold Fields were worth $559,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. LGT Fund Management Co Ltd. bought a new position in shares of Gold Fields in the 2nd quarter valued at about $149,000. Concurrent Investment Advisors LLC bought a new position in Gold Fields during the second quarter worth about $153,000. QRG Capital Management Inc. acquired a new position in Gold Fields during the third quarter worth approximately $160,000. Hennion & Walsh Asset Management Inc. raised its stake in Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company's stock valued at $172,000 after buying an additional 1,090 shares during the period. Finally, Candriam S.C.A. acquired a new stake in shares of Gold Fields in the second quarter valued at approximately $189,000. Institutional investors own 24.81% of the company's stock.
Analyst Ratings Changes
GFI has been the topic of a number of research analyst reports. Bank of America assumed coverage on Gold Fields in a research note on Monday, September 16th. They issued a "buy" rating and a $16.00 price target on the stock. Scotiabank dropped their price objective on shares of Gold Fields from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research report on Monday, August 26th. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. decreased their price target on shares of Gold Fields from $18.00 to $17.10 and set a "neutral" rating on the stock in a research note on Friday, December 6th. Finally, StockNews.com downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $16.03.
Check Out Our Latest Report on GFI
Gold Fields Stock Performance
Shares of GFI stock traded down $0.07 on Thursday, hitting $13.58. The company's stock had a trading volume of 2,325,463 shares, compared to its average volume of 3,541,391. Gold Fields Limited has a fifty-two week low of $12.19 and a fifty-two week high of $18.97. The stock's 50 day moving average is $15.40 and its 200-day moving average is $15.37. The company has a market capitalization of $12.15 billion, a PE ratio of 6.44, a PEG ratio of 0.43 and a beta of 1.13.
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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