Advisors Preferred LLC Makes New $449,000 Investment in Gold Fields Limited $GFI

Advisors Preferred LLC bought a new position in shares of Gold Fields Limited (NYSE:GFI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,753 shares of the company’s stock, valued at approximately $449,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Penserra Capital Management LLC purchased a new position in Gold Fields in the 2nd quarter worth about $26,000. Country Trust Bank bought a new position in Gold Fields in the 2nd quarter worth about $26,000. Archer Investment Corp purchased a new position in shares of Gold Fields during the third quarter worth approximately $42,000. Allworth Financial LP raised its stake 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 valued at $48,000 after acquiring an additional 484 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after acquiring an additional 2,152 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup increased their price objective on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada decreased their price objective on Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Price Performance

GFI opened at $54.16 on Friday. Gold Fields Limited has a 12 month low of $17.64 and a 12 month high of $61.64. The stock has a fifty day moving average price of $49.77 and a 200-day moving average price of $42.42.

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.