Van ECK Associates Corp Decreases Stock Holdings in Gold Fields Limited (NYSE:GFI)

Van ECK Associates Corp lowered its holdings in shares of Gold Fields Limited (NYSE:GFI) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,814,173 shares of the company’s stock after selling 3,691,738 shares during the quarter. Gold Fields accounts for about 0.8% of Van ECK Associates Corp’s portfolio, making the stock its 29th largest position. Van ECK Associates Corp owned about 5.01% of Gold Fields worth $591,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Gold Fields in the 3rd quarter valued at about $9,911,000. Massachusetts Financial Services Co. MA raised its position in Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after purchasing an additional 580,546 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Gold Fields by 66.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock valued at $21,263,000 after purchasing an additional 551,210 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Gold Fields by 78.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company’s stock worth $7,735,000 after purchasing an additional 257,081 shares during the period. Finally, Bamco Inc. NY increased its position in shares of Gold Fields by 4.8% during the 3rd quarter. Bamco Inc. NY now owns 2,018,817 shares of the company’s stock valued at $30,989,000 after purchasing an additional 92,571 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GFI has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Gold Fields has a consensus rating of “Hold” and a consensus price target of $16.45.

Gold Fields Trading Down 1.5 %

GFI stock opened at $19.08 on Thursday. Gold Fields Limited has a twelve month low of $12.28 and a twelve month high of $19.71. The business’s fifty day simple moving average is $15.18 and its two-hundred day simple moving average is $15.36.

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.