Metis Global Partners LLC Increases Position in Gold Fields Limited $GFI

Metis Global Partners LLC lifted its position in shares of Gold Fields Limited (NYSE:GFI) by 16.7% during the third quarter, Holdings Channel reports. The institutional investor owned 75,208 shares of the company’s stock after purchasing an additional 10,786 shares during the period. Metis Global Partners LLC’s holdings in Gold Fields were worth $3,156,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in Gold Fields by 84.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after buying an additional 2,545,579 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Gold Fields by 32.9% in the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock worth $116,443,000 after acquiring an additional 1,217,594 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Gold Fields by 32.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock worth $183,416,000 after acquiring an additional 1,062,242 shares during the period. DJE Kapital AG lifted its holdings in 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. Finally, Man Group plc lifted its holdings in Gold Fields by 68.4% in the 2nd quarter. Man Group plc now owns 1,394,097 shares of the company’s stock worth $32,998,000 after purchasing an additional 566,386 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

GFI stock opened at $54.66 on Friday. The firm has a fifty day moving average price of $48.78 and a 200 day moving average price of $41.49. Gold Fields Limited has a fifty-two week low of $17.64 and a fifty-two week high of $61.64.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Royal Bank Of Canada dropped their target price on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Wall Street Zen cut 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 research note on Monday, February 2nd. Finally, Scotiabank increased their price objective on shares of Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gold Fields currently has a consensus 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.