Van ECK Associates Corp reduced its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 44,814,173 shares of the company's stock after selling 3,691,738 shares during the quarter. Gold Fields accounts for approximately 0.8% of Van ECK Associates Corp's portfolio, making the stock its 29th largest holding. Van ECK Associates Corp owned 5.01% of Gold Fields worth $591,547,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. bought a new position in shares of Gold Fields in the third quarter worth approximately $160,000. Concurrent Investment Advisors LLC boosted its stake in shares of Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock valued at $170,000 after purchasing an additional 850 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Gold Fields during the third quarter valued at approximately $209,000. Rakuten Securities Inc. boosted its stake in shares of Gold Fields by 90.7% during the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company's stock valued at $254,000 after purchasing an additional 7,879 shares during the period. Finally, Atomi Financial Group Inc. boosted its stake in shares of Gold Fields by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company's stock valued at $279,000 after purchasing an additional 2,014 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.
Gold Fields Stock Down 2.7 %
NYSE:GFI traded down $0.52 during trading hours on Friday, hitting $18.86. 3,281,043 shares of the company were exchanged, compared to its average volume of 2,714,152. Gold Fields Limited has a 52-week low of $12.28 and a 52-week high of $19.71. The company's 50 day moving average price is $15.48 and its 200-day moving average price is $15.43.
Wall Street Analyst Weigh In
A number of brokerages recently commented on GFI. JPMorgan Chase & Co. upped their target price on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a report on Wednesday, January 15th. StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a 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 stock. According to MarketBeat.com, Gold Fields currently has a consensus rating of "Hold" and an average price target of $16.45.
Read Our Latest Analysis on Gold Fields
Gold Fields Company 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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