Caprock Group LLC Makes New $4.44 Million Investment in Gold Fields Limited $GFI

Caprock Group LLC acquired a new stake in Gold Fields Limited (NYSE:GFI) during the 3rd quarter, Holdings Channel reports. The firm acquired 105,868 shares of the company’s stock, valued at approximately $4,442,000.

A number of other hedge funds have also recently made changes to their positions in GFI. Arrowstreet Capital Limited Partnership raised its stake in Gold Fields by 84.7% during the 2nd 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 period. Invesco Ltd. grew its holdings in Gold Fields by 32.9% during the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after buying an additional 1,217,594 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings 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 in the last quarter. DJE Kapital AG raised its position in shares of Gold Fields by 19.7% during the second quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock valued at $105,260,000 after buying an additional 742,174 shares during the last quarter. Finally, Man Group plc raised its position in shares of Gold Fields by 68.4% during the second quarter. Man Group plc now owns 1,394,097 shares of the company’s stock valued at $32,998,000 after buying an additional 566,386 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GFI shares. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. JPMorgan Chase & Co. boosted 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. Citigroup raised their price objective on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Scotiabank lifted their target price on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada decreased their target price on Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus price target of $44.00.

Gold Fields Stock Up 2.7%

NYSE:GFI opened at $57.32 on Thursday. The business has a 50 day simple moving average of $48.32 and a 200-day simple moving average of $41.09. Gold Fields Limited has a 1 year low of $17.64 and a 1 year 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.