Trading Report: Today, Point View Wealth Management Inc. decides to keep it stake in Gold Fields Ltd. (GFI) to the level of $219,000

Today, Point View Wealth Management Inc. decides to keep it stake in Gold Fields Ltd. (GFI) to the level of $219,000

Point View Wealth Management Inc. lowered its stake in Gold Fields Ltd. (NYSE:GFI) by 1.8% during the third quarter, Holdings Channel reports. The fund owned 45,126 shares of the company’s stock after selling 819 shares during the period. Point View Wealth Management Inc.’s holdings in Gold Fields were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GFI. Global X Management Co. LLC raised its position in shares of Gold Fields by 1.2% in the second quarter. Global X Management Co. LLC now owns 34,862 shares of the company’s stock valued at $171,000 after buying an additional 400 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Gold Fields by 4.4% in the second quarter. BNP Paribas Arbitrage SA now owns 80,298 shares of the company’s stock valued at $393,000 after buying an additional 3,352 shares in the last quarter. World Asset Management Inc raised its position in shares of Gold Fields by 8.3% in the third quarter. World Asset Management Inc now owns 54,058 shares of the company’s stock valued at $262,000 after buying an additional 4,145 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Gold Fields by 23.1% in the second quarter. Franklin Resources Inc. now owns 80,000 shares of the company’s stock valued at $392,000 after buying an additional 15,000 shares in the last quarter. Finally, State Street Corp raised its position in shares of Gold Fields by 8.4% in the second quarter. State Street Corp now owns 224,663 shares of the company’s stock valued at $1,101,000 after buying an additional 17,381 shares in the last quarter. Institutional investors own 36.60% of the company’s stock.

Shares of Gold Fields Ltd. (NYSE:GFI) traded up 0.98% during midday trading on Friday, hitting $3.08. The stock had a trading volume of 2,473,445 shares. The firm’s market cap is $2.53 billion. Gold Fields Ltd. has a 52 week low of $2.37 and a 52 week high of $6.60. The company’s 50 day moving average is $3.95 and its 200 day moving average is $4.80.

Several brokerages recently issued reports on GFI. Citigroup Inc. reiterated a “sell” rating on shares of Gold Fields in a research report on Thursday, August 18th. RBC Capital Markets restated an “outperform” rating on shares of Gold Fields in a research note on Tuesday, November 8th. Zacks Investment Research cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Finally, Macquarie upgraded Gold Fields from a “neutral” rating to an “outperform” rating in a research note on Friday, September 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.08.

About Gold Fields

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

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