Paradiem LLC Decreases Stock Holdings in Gold Fields Limited $GFI

Paradiem LLC reduced its position in Gold Fields Limited (NYSE:GFI) by 59.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,807 shares of the company’s stock after selling 50,110 shares during the period. Paradiem LLC’s holdings in Gold Fields were worth $1,461,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Gold Fields by 84.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock valued at $131,350,000 after acquiring an additional 2,545,579 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of 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 purchasing an additional 1,217,594 shares during the last quarter. DJE Kapital AG boosted its position in shares of Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after purchasing an additional 742,174 shares in the last quarter. Amundi boosted its position in shares of Gold Fields by 17.8% in the 1st quarter. Amundi now owns 3,661,529 shares of the company’s stock worth $82,934,000 after purchasing an additional 554,160 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Gold Fields by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 3,327,085 shares of the company’s stock worth $78,752,000 after buying an additional 172,239 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on GFI shares. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. Scotiabank boosted their price target on Gold Fields from $30.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. HSBC restated a “hold” rating on shares of Gold Fields in a report on Thursday, October 9th. Citigroup lifted their target price on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.13.

Gold Fields Stock Up 1.2%

Gold Fields stock opened at $46.54 on Friday. The stock has a 50-day moving average price of $41.56 and a 200 day moving average price of $35.08. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $47.60.

Gold Fields 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.