Clark Capital Management Group Inc. Boosts Stock Position in Gold Fields Limited $GFI

Clark Capital Management Group Inc. increased its holdings in Gold Fields Limited (NYSE:GFI) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,298,006 shares of the company’s stock after purchasing an additional 41,889 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Gold Fields were worth $96,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GFI. Thrivent Financial for Lutherans bought a new stake in shares of Gold Fields in the 3rd quarter worth approximately $4,314,000. Summit Global Investments raised its holdings in shares of Gold Fields by 91.9% during the third quarter. Summit Global Investments now owns 46,205 shares of the company’s stock valued at $1,939,000 after acquiring an additional 22,133 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in Gold Fields in the third quarter worth $1,889,000. Cibc World Market Inc. lifted its stake in Gold Fields by 1,180.0% in the third quarter. Cibc World Market Inc. now owns 159,101 shares of the company’s stock worth $6,676,000 after acquiring an additional 146,671 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in Gold Fields by 49.5% in the third quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company’s stock valued at $5,616,000 after acquiring an additional 44,306 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

GFI has been the subject of several research reports. Royal Bank Of Canada decreased their price objective on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a 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. Citigroup increased their price target on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Scotiabank raised their price objective 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.00.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $45.62 on Friday. Gold Fields Limited has a 1-year low of $19.35 and a 1-year high of $61.64. The business has a fifty day moving average price of $52.36 and a 200-day moving average price of $44.79.

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.