645,683 Shares in Gold Fields Limited (NYSE:GFI) Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 645,683 shares of the company's stock, valued at approximately $9,911,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.07% of Gold Fields at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GFI. Blue Trust Inc. boosted its holdings in Gold Fields by 5.6% in the second quarter. Blue Trust Inc. now owns 54,657 shares of the company's stock valued at $868,000 after acquiring an additional 2,916 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings 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 acquiring an additional 1,090 shares during the last quarter. TrueMark Investments LLC bought a new stake in Gold Fields in the second quarter valued at approximately $417,000. Concurrent Investment Advisors LLC bought a new stake in Gold Fields in the second quarter valued at approximately $153,000. Finally, Ritholtz Wealth Management boosted its holdings in Gold Fields by 14.5% in the second quarter. Ritholtz Wealth Management now owns 37,935 shares of the company's stock valued at $565,000 after acquiring an additional 4,800 shares during the last quarter. 26.02% of the stock is currently owned by institutional investors.

Gold Fields Price Performance

Shares of NYSE:GFI traded up $0.49 during trading on Monday, reaching $14.38. 3,334,146 shares of the stock were exchanged, compared to its average volume of 3,585,808. Gold Fields Limited has a 1-year low of $12.19 and a 1-year high of $18.97. The stock has a fifty day moving average of $15.62 and a two-hundred day moving average of $15.46.

Analysts Set New Price Targets

Several brokerages have issued reports on GFI. Investec raised Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. StockNews.com lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on Gold Fields from $18.00 to $17.10 and set a "neutral" rating on the stock in a research note on Friday. Scotiabank dropped their price target on Gold Fields from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research note on Monday, August 26th. Finally, Bank of America began 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Gold Fields has a consensus rating of "Hold" and an average price target of $16.03.

Gold Fields Company Profile

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.