Van ECK Associates Corp Lowers Holdings in Gold Fields Limited (NYSE:GFI)

Van ECK Associates Corp lowered its position in Gold Fields Limited (NYSE:GFI) by 7.6% during the 4th quarter, Holdings Channel reports. The firm owned 44,814,173 shares of the company’s stock after selling 3,691,738 shares during the quarter. Gold Fields comprises approximately 0.8% of Van ECK Associates Corp’s investment portfolio, making the stock its 29th largest holding. Van ECK Associates Corp owned 0.05% of Gold Fields worth $591,547,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. purchased a new stake in shares of Gold Fields in the 3rd quarter worth $160,000. Concurrent Investment Advisors LLC raised its holdings in shares of Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after acquiring an additional 850 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Gold Fields in the third quarter worth about $209,000. Rakuten Securities Inc. grew its holdings in Gold Fields by 90.7% during the 3rd quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after acquiring an additional 7,879 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in Gold Fields by 10.5% during the 4th quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock valued at $279,000 after purchasing an additional 2,014 shares during the period. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GFI. JPMorgan Chase & Co. upped their price target on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus target price of $16.45.

Gold Fields Trading Down 1.5 %

NYSE GFI opened at $19.08 on Thursday. Gold Fields Limited has a 52 week low of $12.28 and a 52 week high of $19.71. The company has a 50 day moving average price of $15.18 and a 200 day moving average price of $15.36.

Gold Fields 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.