Envestnet Asset Management Inc. reduced its position in shares of Gold Fields Limited (NYSE:GFI) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,893 shares of the company’s stock after selling 10,795 shares during the period. Envestnet Asset Management Inc.’s holdings in Gold Fields were worth $432,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Claro Advisors LLC acquired a new stake in shares of Gold Fields during the 2nd quarter valued at approximately $62,000. Cresset Asset Management LLC acquired a new stake in Gold Fields in the second quarter worth $65,000. Commonwealth Equity Services LLC acquired a new stake in Gold Fields in the second quarter worth $76,000. Niemann Capital Management Inc. acquired a new stake in Gold Fields in the second quarter worth $77,000. Finally, We Are One Seven LLC increased its position in Gold Fields by 41.2% in the second quarter. We Are One Seven LLC now owns 15,692 shares of the company’s stock worth $84,000 after buying an additional 4,577 shares during the period. 44.17% of the stock is currently owned by institutional investors and hedge funds.
GFI has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Gold Fields from $6.20 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. ValuEngine lowered Gold Fields from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Gold Fields in a research report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.64.
Gold Fields Company Profile
Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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