Gold Fields Limited $GFI Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in shares of Gold Fields Limited (NYSE:GFI) by 21.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 374,000 shares of the company’s stock after selling 105,100 shares during the period. Gabelli Funds LLC’s holdings in Gold Fields were worth $15,693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Archer Investment Corp acquired a new stake in Gold Fields during the third quarter worth about $42,000. Cary Street Partners Investment Advisory LLC purchased a new position in Gold Fields during the third quarter worth about $45,000. Country Trust Bank acquired a new position in Gold Fields in the 2nd quarter valued at about $26,000. Penserra Capital Management LLC purchased a new stake in shares of Gold Fields in the 2nd quarter valued at approximately $26,000. Finally, Westside Investment Management Inc. grew its position in Gold Fields by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,210 shares of the company’s stock worth $51,000 after acquiring an additional 605 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Ratings Changes

GFI has been the topic of several recent analyst reports. Royal Bank Of Canada decreased their price target on Gold Fields to $45.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Scotiabank upped their target price on shares of Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Citigroup increased their target price on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Stock Up 0.5%

Shares of NYSE GFI opened at $50.35 on Friday. Gold Fields Limited has a twelve month low of $19.35 and a twelve month high of $61.64. The stock has a fifty day simple moving average of $51.69 and a 200-day simple moving average of $44.13.

Gold Fields 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.