Centiva Capital LP Takes $1.67 Million Position in Gold Fields Limited $GFI

Centiva Capital LP acquired a new stake in shares of Gold Fields Limited (NYSE:GFI) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 39,899 shares of the company’s stock, valued at approximately $1,674,000.

Several other large investors also recently bought and sold shares of the business. Penserra Capital Management LLC purchased a new position in Gold Fields in the 2nd quarter worth about $26,000. Country Trust Bank purchased a new stake in shares of Gold Fields during the 2nd quarter valued at about $26,000. Archer Investment Corp purchased a new stake in shares of Gold Fields during the 3rd quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Gold Fields in the third quarter worth approximately $45,000. Finally, Allworth Financial LP grew its stake in shares of Gold Fields by 31.8% in the second quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock worth $48,000 after acquiring an additional 484 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on GFI shares. 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. Royal Bank Of Canada cut their target price on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Zacks Research raised Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Scotiabank raised their price target on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.00.

Gold Fields Trading Down 10.5%

Shares of Gold Fields stock opened at $45.62 on Friday. The company’s fifty day simple moving average is $52.36 and its 200-day simple moving average is $44.79. Gold Fields Limited has a 1-year low of $19.35 and a 1-year high of $61.64.

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.