Bank of Montreal Can Grows Stock Position in Gold Fields Limited (NYSE:GFI)

Bank of Montreal Can increased its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 36.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 263,575 shares of the company's stock after buying an additional 71,094 shares during the quarter. Bank of Montreal Can's holdings in Gold Fields were worth $4,280,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in Gold Fields by 3.3% during the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company's stock valued at $744,566,000 after buying an additional 1,549,372 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Gold Fields by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock worth $94,492,000 after purchasing an additional 580,546 shares during the period. RWC Asset Management LLP boosted its position in Gold Fields by 10.0% during the second quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company's stock worth $53,476,000 after purchasing an additional 324,885 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Gold Fields by 28.7% in the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company's stock valued at $38,878,000 after purchasing an additional 581,730 shares during the period. Finally, National Bank of Canada FI increased its position in shares of Gold Fields by 6.3% in the second quarter. National Bank of Canada FI now owns 1,760,789 shares of the company's stock valued at $26,165,000 after buying an additional 104,145 shares in the last quarter. 26.02% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

Shares of GFI stock traded down $0.05 during mid-day trading on Wednesday, hitting $14.45. 893,234 shares of the stock were exchanged, compared to its average volume of 3,597,960. Gold Fields Limited has a 12-month low of $12.19 and a 12-month high of $18.97. The stock's fifty day simple moving average is $15.76 and its two-hundred day simple moving average is $15.52.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Investec raised shares of Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Bank of America started coverage on Gold Fields in a research note on Monday, September 16th. They set a "buy" rating and a $16.00 price objective on the stock. Scotiabank cut their target price on Gold Fields from $18.00 to $17.00 and set a "sector perform" rating for the company in a research note on Monday, August 26th. Finally, StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Gold Fields currently has an average rating of "Hold" and an average price target of $15.93.

About Gold Fields

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.