CWA Asset Management Group LLC Acquires 9,261 Shares of Gold Fields Limited (NYSE:GFI)

CWA Asset Management Group LLC grew its holdings in shares of Gold Fields Limited (NYSE:GFI) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,825 shares of the company’s stock after purchasing an additional 9,261 shares during the period. CWA Asset Management Group LLC’s holdings in Gold Fields were worth $1,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in Gold Fields by 3.3% during the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock worth $744,566,000 after buying an additional 1,549,372 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Gold Fields by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after purchasing an additional 580,546 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Gold Fields by 28.7% in the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after purchasing an additional 581,730 shares during the period. Bamco Inc. NY raised its stake in Gold Fields by 4.8% in the third quarter. Bamco Inc. NY now owns 2,018,817 shares of the company’s stock valued at $30,989,000 after purchasing an additional 92,571 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Gold Fields by 66.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock worth $21,263,000 after purchasing an additional 551,210 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on GFI shares. JPMorgan Chase & Co. decreased their target price on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a report on Friday, December 6th. Bank of America started coverage on shares of Gold Fields in a research note on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective on the stock. Investec raised Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.03.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $14.19 on Wednesday. The company’s 50 day moving average price is $14.53 and its two-hundred day moving average price is $15.26. The firm has a market capitalization of $12.70 billion, a P/E ratio of 6.73, a P/E/G ratio of 0.43 and a beta of 1.13. Gold Fields Limited has a fifty-two week low of $12.19 and a fifty-two week high of $18.97.

About Gold Fields

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.