Bamco Inc. NY Buys 92,571 Shares of Gold Fields Limited (NYSE:GFI)

Bamco Inc. NY increased its stake in shares of Gold Fields Limited (NYSE:GFI) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,018,817 shares of the company’s stock after buying an additional 92,571 shares during the quarter. Bamco Inc. NY’s holdings in Gold Fields were worth $30,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. LGT Fund Management Co Ltd. bought a new position in shares of Gold Fields during the 2nd quarter worth approximately $149,000. Concurrent Investment Advisors LLC bought a new position in shares of Gold Fields during the 2nd quarter worth approximately $153,000. QRG Capital Management Inc. bought a new position in shares of Gold Fields during the 3rd quarter worth approximately $160,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Gold Fields by 10.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after buying an additional 1,090 shares during the period. Finally, Candriam S.C.A. bought a new position in Gold Fields in the 2nd quarter valued at $189,000. Institutional investors own 26.02% of the company’s stock.

Analyst Ratings Changes

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

Gold Fields Stock Performance

GFI stock opened at $14.13 on Tuesday. Gold Fields Limited has a twelve month low of $12.19 and a twelve month high of $18.97. The business has a fifty day moving average of $15.78 and a 200-day moving average of $15.53.

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.