Gold Fields Limited $GFI is RWC Asset Advisors US LLC’s 4th Largest Position

RWC Asset Advisors US LLC decreased its position in Gold Fields Limited (NYSE:GFI) by 54.6% during the third quarter, Holdings Channel.com reports. The fund owned 1,489,734 shares of the company’s stock after selling 1,790,652 shares during the quarter. Gold Fields accounts for approximately 10.2% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 4th largest position. RWC Asset Advisors US LLC’s holdings in Gold Fields were worth $62,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GFI. Penserra Capital Management LLC purchased a new stake in Gold Fields in the 2nd quarter worth approximately $26,000. Country Trust Bank purchased a new position in Gold Fields during the 2nd quarter valued at about $26,000. IFP Advisors Inc boosted its stake in Gold Fields by 672.1% during the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after acquiring an additional 1,351 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Gold Fields in the 2nd quarter worth approximately $47,000. Finally, Allworth Financial LP grew its stake in shares of Gold Fields by 31.8% in the 2nd quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock worth $48,000 after buying an additional 484 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price target on Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Citigroup raised their price target on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research note on Wednesday, October 8th. Finally, Scotiabank increased their price objective on Gold Fields from $30.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gold Fields has a consensus rating of “Hold” and a consensus price target of $42.13.

Gold Fields Stock Performance

GFI stock opened at $48.45 on Tuesday. Gold Fields Limited has a 1 year low of $14.56 and a 1 year high of $49.60. The stock’s fifty day moving average price is $42.83 and its 200-day moving average price is $36.75.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.