Voya Financial Advisors Inc. lifted its holdings in shares of Gold Fields Limited (NYSE:GFI) by 5.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,711 shares of the company’s stock after purchasing an additional 2,507 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Gold Fields were worth $248,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. acquired a new stake in shares of Gold Fields during the second quarter worth about $15,797,000. Commerzbank Aktiengesellschaft FI lifted its position in shares of Gold Fields by 1.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 476,082 shares of the company’s stock worth $2,342,000 after purchasing an additional 7,460 shares in the last quarter. BlackRock Inc. lifted its position in shares of Gold Fields by 49.5% during the second quarter. BlackRock Inc. now owns 46,738,087 shares of the company’s stock worth $252,853,000 after purchasing an additional 15,477,875 shares in the last quarter. F3Logic LLC lifted its position in shares of Gold Fields by 98.7% during the second quarter. F3Logic LLC now owns 26,324 shares of the company’s stock worth $144,000 after purchasing an additional 13,079 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Gold Fields by 11.4% during the second quarter. UBS Asset Management Americas Inc. now owns 557,391 shares of the company’s stock worth $3,015,000 after purchasing an additional 56,851 shares in the last quarter. 42.25% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on GFI. ValuEngine cut shares of Gold Fields from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Gold Fields in a report on Friday, August 16th. Zacks Investment Research cut shares of Gold Fields from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Gold Fields from $6.20 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $4.64.
About Gold Fields
Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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