Profund Advisors LLC Raises Stake in Gold Fields Limited $GFI

Profund Advisors LLC raised its position in Gold Fields Limited (NYSE:GFI) by 38.3% during the third quarter, HoldingsChannel reports. The firm owned 132,900 shares of the company’s stock after buying an additional 36,810 shares during the quarter. Profund Advisors LLC’s holdings in Gold Fields were worth $5,576,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. RFG Advisory LLC acquired a new position in shares of Gold Fields during the third quarter worth $1,867,000. AdvisorShares Investments LLC acquired a new stake in Gold Fields in the third quarter valued at $1,889,000. Alps Advisors Inc. lifted its holdings in Gold Fields by 46.5% during the 3rd quarter. Alps Advisors Inc. now owns 259,655 shares of the company’s stock worth $10,895,000 after buying an additional 82,430 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Gold Fields by 205.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 120,319 shares of the company’s stock worth $5,049,000 after buying an additional 80,975 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Gold Fields by 21.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 520,353 shares of the company’s stock worth $21,834,000 after buying an additional 91,424 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Price Performance

GFI stock opened at $53.49 on Monday. The business has a 50 day simple moving average of $47.44 and a 200-day simple moving average of $40.54. Gold Fields Limited has a twelve month low of $17.64 and a twelve month high of $61.64.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Canaccord Genuity Group cut shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price objective on the stock. in a report on Monday, October 13th. JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently 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.