45,024 Shares in Gold Fields Limited $GFI Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC bought a new stake in Gold Fields Limited (NYSE:GFI) in the 3rd quarter, Holdings Channel.com reports. The fund bought 45,024 shares of the company’s stock, valued at approximately $1,889,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GFI. Millennium Management LLC lifted its stake in Gold Fields by 20.3% during the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after purchasing an additional 32,343 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after buying an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Gold Fields during the 1st quarter worth about $236,000. Jones Financial Companies Lllp purchased a new position in Gold Fields during the 1st quarter valued at about $268,000. Finally, QRG Capital Management Inc. grew its position in Gold Fields by 7.4% in the 2nd quarter. QRG Capital Management Inc. now owns 16,521 shares of the company’s stock valued at $391,000 after acquiring an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $53.49 on Friday. Gold Fields Limited has a 52 week low of $17.64 and a 52 week high of $61.64. The company’s 50 day moving average is $47.44 and its two-hundred day moving average is $40.43.

Analyst Ratings Changes

Several brokerages have recently issued reports on GFI. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Scotiabank raised their price target on shares of Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. upped their price objective on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.