RFG Advisory LLC Takes $1.87 Million Position in Gold Fields Limited $GFI

RFG Advisory LLC bought a new stake in shares of Gold Fields Limited (NYSE:GFI) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 44,488 shares of the company’s stock, valued at approximately $1,867,000.

Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in shares of Gold Fields in the second quarter worth about $26,000. Country Trust Bank acquired a new position in shares of Gold Fields during the 2nd quarter worth approximately $26,000. IFP Advisors Inc lifted its position in shares of Gold Fields by 672.1% during the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after buying an additional 1,351 shares in the last quarter. Archer Investment Corp purchased a new position in shares of Gold Fields during the 3rd quarter valued at approximately $42,000. Finally, FNY Investment Advisers LLC purchased a new position in Gold Fields during the second quarter valued at $47,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Price Performance

Shares of GFI opened at $55.81 on Wednesday. Gold Fields Limited has a 12-month low of $17.64 and a 12-month high of $61.64. The firm has a 50-day moving average price of $47.99 and a 200 day moving average price of $40.98.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Scotiabank upped their target price on shares of Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Royal Bank Of Canada lowered their price target on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Finally, Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.00.

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.