Allspring Global Investments Holdings LLC increased its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,507,457 shares of the company's stock after acquiring an additional 122,247 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.17% of Gold Fields worth $21,194,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp lifted 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock valued at $94,492,000 after buying an additional 580,546 shares in the last quarter. Bamco Inc. NY lifted its position in Gold Fields by 4.8% during the third quarter. Bamco Inc. NY now owns 2,018,817 shares of the company's stock valued at $30,989,000 after buying an additional 92,571 shares in the last quarter. State Street Corp lifted its position in Gold Fields by 2.2% during the third quarter. State Street Corp now owns 1,194,633 shares of the company's stock valued at $18,338,000 after buying an additional 25,972 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Gold Fields during the third quarter valued at approximately $9,911,000. 24.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on GFI. JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. StockNews.com lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note 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 data from MarketBeat.com, Gold Fields has a consensus rating of "Hold" and an average target price of $16.45.
Check Out Our Latest Stock Analysis on Gold Fields
Gold Fields Stock Performance
Gold Fields stock traded down $0.27 during mid-day trading on Wednesday, reaching $18.82. The company's stock had a trading volume of 2,680,018 shares, compared to its average volume of 2,777,632. The business has a 50 day moving average price of $15.57 and a 200-day moving average price of $15.43. Gold Fields Limited has a twelve month low of $12.28 and a twelve month high of $19.71.
About Gold Fields
(
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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