U S Global Investors Inc. Purchases 176,638 Shares of Gold Fields Limited $GFI

U S Global Investors Inc. boosted its holdings in shares of Gold Fields Limited (NYSE:GFI) by 176.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,638 shares of the company’s stock after buying an additional 176,638 shares during the period. Gold Fields comprises 1.3% of U S Global Investors Inc.’s portfolio, making the stock its 21st largest holding. U S Global Investors Inc.’s holdings in Gold Fields were worth $11,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GFI. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Gold Fields by 84.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after acquiring an additional 2,545,579 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Gold Fields by 122.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company’s stock worth $78,323,000 after purchasing an additional 1,822,689 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Gold Fields during the first quarter worth about $30,914,000. Invesco Ltd. boosted its holdings in Gold Fields by 32.9% during the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after purchasing an additional 1,217,594 shares in the last quarter. Finally, DJE Kapital AG grew its stake in shares of Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock valued at $105,260,000 after purchasing an additional 742,174 shares during the period. Institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on GFI shares. Zacks Research lowered Gold Fields from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. HSBC restated a “hold” rating on shares of Gold Fields in a research note on Thursday, October 9th. Canaccord Genuity Group lowered shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 target price on the stock. in a report on Monday, October 13th. JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reduced their price target on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.13.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $43.44 on Friday. The business has a fifty day moving average of $41.86 and a 200-day moving average of $35.74. Gold Fields Limited has a twelve month low of $13.80 and a twelve month high of $47.60.

Gold Fields Company Profile

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.