Metis Global Partners LLC Acquires 10,786 Shares of Gold Fields Limited $GFI

Metis Global Partners LLC raised its stake in shares of Gold Fields Limited (NYSE:GFI) by 16.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 75,208 shares of the company’s stock after acquiring an additional 10,786 shares during the period. Metis Global Partners LLC’s holdings in Gold Fields were worth $3,156,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Gold Fields by 84.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock valued at $131,350,000 after purchasing an additional 2,545,579 shares during the last quarter. Invesco Ltd. grew its position in Gold Fields by 32.9% in the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock worth $116,443,000 after purchasing an additional 1,217,594 shares during the period. DJE Kapital AG grew its position in Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after purchasing an additional 742,174 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Gold Fields by 32.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after buying an additional 1,062,242 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Gold Fields by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 3,327,085 shares of the company’s stock valued at $78,752,000 after buying an additional 172,239 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analyst Ratings Changes

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

Gold Fields Stock Performance

Shares of GFI opened at $54.66 on Friday. The business has a 50-day simple moving average of $48.78 and a two-hundred day simple moving average of $41.49. Gold Fields Limited has a 52 week low of $17.64 and a 52 week high of $61.64.

Gold Fields Company 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.