Allspring Global Investments Holdings LLC Grows Stake in Gold Fields Limited (NYSE:GFI)

Allspring Global Investments Holdings LLC lifted its stake in Gold Fields Limited (NYSE:GFI) by 8.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,507,457 shares of the company’s stock after acquiring an additional 122,247 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Gold Fields were worth $21,194,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. QRG Capital Management Inc. purchased a new position in Gold Fields in the 3rd quarter worth approximately $160,000. Concurrent Investment Advisors LLC boosted its stake in shares of Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after purchasing an additional 850 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Gold Fields during the 3rd quarter valued at $209,000. Rakuten Securities Inc. increased its stake in Gold Fields by 90.7% during the 3rd quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after buying an additional 7,879 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in Gold Fields by 10.5% in the 4th quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock worth $279,000 after buying an additional 2,014 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $18.86 on Friday. The business has a 50-day moving average price of $15.48 and a 200 day moving average price of $15.43. Gold Fields Limited has a fifty-two week low of $12.28 and a fifty-two week high of $19.71.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.45.

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.