Gold Fields Limited $GFI Position Increased by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its stake in shares of Gold Fields Limited (NYSE:GFI) by 6,573.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,082 shares of the company’s stock after purchasing an additional 74,942 shares during the quarter. Penserra Capital Management LLC’s holdings in Gold Fields were worth $3,192,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Bridgewater Advisors Inc. boosted its holdings in shares of Gold Fields by 1.8% during the second quarter. Bridgewater Advisors Inc. now owns 20,375 shares of the company’s stock valued at $516,000 after acquiring an additional 354 shares during the period. CWM LLC boosted its position in shares of Gold Fields by 24.7% during the third quarter. CWM LLC now owns 2,086 shares of the company’s stock worth $88,000 after buying an additional 413 shares during the period. Allworth Financial LP boosted its position in shares of Gold Fields by 31.8% during the second quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock worth $48,000 after buying an additional 484 shares during the period. Park Avenue Securities LLC grew its holdings in Gold Fields by 0.9% in the 3rd quarter. Park Avenue Securities LLC now owns 58,568 shares of the company’s stock worth $2,458,000 after buying an additional 495 shares in the last quarter. Finally, Assetmark Inc. increased its position in Gold Fields by 34.2% in the 2nd quarter. Assetmark Inc. now owns 2,189 shares of the company’s stock valued at $52,000 after acquiring an additional 558 shares during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Price Performance

Shares of NYSE GFI opened at $50.06 on Friday. Gold Fields Limited has a twelve month low of $17.64 and a twelve month high of $61.64. The firm has a 50-day moving average of $47.23 and a two-hundred day moving average of $40.14.

Analysts Set New Price Targets

GFI has been the subject of a number of analyst reports. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Investec downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. HSBC reissued a “hold” rating on shares of Gold Fields in a research note on Thursday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Citigroup raised their price objective on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.00.

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.