B. Metzler seel. Sohn & Co. Holding AG Buys New Shares in Gold Fields Limited (NYSE:GFI)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Gold Fields Limited (NYSE:GFI) in the third quarter, according to its most recent filing with the SEC. The firm purchased 13,636 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds have also recently made changes to their positions in the company. LGT Fund Management Co Ltd. acquired a new stake in Gold Fields during the second quarter worth approximately $149,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Gold Fields during the 2nd quarter worth approximately $153,000. QRG Capital Management Inc. bought a new stake in shares of Gold Fields in the 3rd quarter valued at $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 valued at $172,000 after acquiring an additional 1,090 shares during the period. Finally, Candriam S.C.A. bought a new position in Gold Fields during the second quarter worth $189,000. 26.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GFI shares. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Bank of America began coverage on Gold Fields in a research note on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective for the company. Finally, Scotiabank lowered their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Gold Fields has an average rating of “Hold” and an average price target of $15.93.

Gold Fields Trading Down 3.3 %

GFI stock opened at $14.73 on Tuesday. The business has a 50-day simple moving average of $15.81 and a two-hundred day simple moving average of $15.60. Gold Fields Limited has a 52-week low of $12.19 and a 52-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.