Today: Today, World Asset Management Inc decides to keep it stake in Gold Fields Ltd. (GFI) to the level of $262,000

Today, World Asset Management Inc decides to keep it stake in Gold Fields Ltd. (GFI) to the level of $262,000

World Asset Management Inc raised its stake in Gold Fields Ltd. (NYSE:GFI) by 8.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 54,058 shares of the company’s stock after buying an additional 4,145 shares during the period. World Asset Management Inc’s holdings in Gold Fields were worth $262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GFI. Acadian Asset Management LLC boosted its position in shares of Gold Fields by 25.0% in the third quarter. Acadian Asset Management LLC now owns 16,679,653 shares of the company’s stock valued at $80,901,000 after buying an additional 3,335,631 shares in the last quarter. Capstone Asset Management Co. acquired a new position in shares of Gold Fields during the third quarter valued at $181,000. Creative Planning boosted its position in shares of Gold Fields by 8,100.0% in the third quarter. Creative Planning now owns 41,000 shares of the company’s stock valued at $199,000 after buying an additional 40,500 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Gold Fields by 7.1% in the third quarter. BNP Paribas Arbitrage SA now owns 86,036 shares of the company’s stock valued at $417,000 after buying an additional 5,738 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Gold Fields during the second quarter valued at $1,465,000. Institutional investors and hedge funds own 36.60% of the company’s stock.

Gold Fields Ltd. (NYSE:GFI) traded up 0.98% on Friday, hitting $3.08. 2,473,445 shares of the company were exchanged. The firm’s 50 day moving average is $3.90 and its 200 day moving average is $4.80. The company’s market capitalization is $2.53 billion. Gold Fields Ltd. has a 52 week low of $2.39 and a 52 week high of $6.60.

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

Gold Fields Company Profile

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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