Gold Fields Limited (NYSE:GFI) Stock Position Decreased by Bridgewater Associates LP

Bridgewater Associates LP cut its stake in shares of Gold Fields Limited (NYSE:GFI) by 7.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 413,546 shares of the company’s stock after selling 33,901 shares during the period. Bridgewater Associates LP’s holdings in Gold Fields were worth $6,348,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. raised its holdings in Gold Fields by 5.6% during the 2nd quarter. Blue Trust Inc. now owns 54,657 shares of the company’s stock worth $868,000 after buying an additional 2,916 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Gold Fields by 10.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after acquiring an additional 1,090 shares during the period. TrueMark Investments LLC purchased a new stake in shares of Gold Fields in the 2nd quarter valued at approximately $417,000. Concurrent Investment Advisors LLC acquired a new position in Gold Fields in the 2nd quarter worth approximately $153,000. Finally, Ritholtz Wealth Management boosted its stake in Gold Fields by 14.5% in the 2nd quarter. Ritholtz Wealth Management now owns 37,935 shares of the company’s stock worth $565,000 after purchasing an additional 4,800 shares during the period. 26.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Scotiabank dropped their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. Bank of America started coverage on Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 target price on the stock. Finally, Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.93.

Gold Fields Price Performance

GFI opened at $14.50 on Friday. Gold Fields Limited has a 1 year low of $12.19 and a 1 year high of $18.97. The stock has a fifty day moving average price of $15.81 and a 200 day moving average price of $15.56.

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.