Gold Fields Limited $GFI Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP cut its position in Gold Fields Limited (NYSE:GFI) by 12.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,152,172 shares of the company’s stock after selling 160,680 shares during the period. Gold Fields accounts for 2.3% of RWC Asset Management LLP’s holdings, making the stock its 8th largest position. RWC Asset Management LLP owned about 0.13% of Gold Fields worth $48,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its stake in shares of Gold Fields by 84.7% in 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 last quarter. Invesco Ltd. increased its holdings in shares of Gold Fields by 32.9% during the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock worth $116,443,000 after buying an additional 1,217,594 shares during the last quarter. DJE Kapital AG raised its position in shares of Gold Fields by 19.7% during the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock valued at $105,260,000 after buying an additional 742,174 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Gold Fields by 32.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after acquiring an additional 1,062,242 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Gold Fields by 5.5% during the second quarter. American Century Companies Inc. now owns 3,327,085 shares of the company’s stock worth $78,752,000 after acquiring an additional 172,239 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Performance

Shares of GFI opened at $48.45 on Tuesday. The company’s 50 day simple moving average is $42.83 and its 200-day simple moving average is $36.75. Gold Fields Limited has a 12-month low of $14.56 and a 12-month high of $49.60.

Wall Street Analyst Weigh In

GFI has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. Scotiabank lifted their price objective on shares of Gold Fields from $30.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Gold Fields from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Investec downgraded Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, HSBC restated a “hold” rating on shares of Gold Fields in a research note on Thursday, October 9th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Gold Fields has a consensus rating of “Hold” and a consensus target price of $42.13.

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.