Bank of Montreal Can Grows Stake in Gold Fields Limited (NYSE:GFI)

Bank of Montreal Can lifted its stake in Gold Fields Limited (NYSE:GFI) by 36.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 263,575 shares of the company’s stock after acquiring an additional 71,094 shares during the quarter. Bank of Montreal Can’s holdings in Gold Fields were worth $4,280,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GFI. Van ECK Associates Corp lifted its position in Gold Fields by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock worth $744,566,000 after acquiring an additional 1,549,372 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Gold Fields by 28.7% during the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after purchasing an additional 581,730 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Gold Fields by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after purchasing an additional 580,546 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Gold Fields by 66.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock valued at $21,263,000 after purchasing an additional 551,210 shares in the last quarter. Finally, RWC Asset Management LLP increased its stake in Gold Fields by 10.0% during the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after buying an additional 324,885 shares during the period. Institutional investors and hedge funds own 26.02% of the company’s stock.

Gold Fields Stock Performance

Gold Fields stock opened at $14.51 on Wednesday. Gold Fields Limited has a 1 year low of $12.19 and a 1 year high of $18.97. The firm’s 50-day moving average is $15.76 and its 200-day moving average is $15.52.

Wall Street Analyst Weigh In

GFI has been the subject of a number of analyst reports. Scotiabank reduced their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. Bank of America assumed coverage on shares of Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target on the stock. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.93.

Gold Fields Company 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.