Massachusetts Financial Services Co. MA Cuts Position in Gold Fields Limited $GFI

Massachusetts Financial Services Co. MA reduced its stake in shares of Gold Fields Limited (NYSE:GFI) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,087,390 shares of the company’s stock after selling 98,289 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.34% of Gold Fields worth $129,547,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Millennium Management LLC boosted its holdings in Gold Fields by 20.3% during the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after buying an additional 32,343 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after acquiring an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Gold Fields in the 1st quarter valued at approximately $236,000. Jones Financial Companies Lllp acquired a new position in Gold Fields during the first quarter worth $268,000. Finally, Strs Ohio purchased a new stake in Gold Fields during the first quarter worth $311,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

GFI has been the subject of several research reports. Wall Street Zen raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Investec cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, October 10th. HSBC reiterated a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Zacks Research downgraded Gold Fields from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Canaccord Genuity Group lowered Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 target price on the stock. in a research note on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Gold Fields has a consensus rating of “Hold” and an average target price of $42.25.

Gold Fields Price Performance

NYSE:GFI opened at $52.85 on Wednesday. The firm has a 50 day simple moving average of $44.14 and a 200-day simple moving average of $37.87. Gold Fields Limited has a 1-year low of $15.76 and a 1-year high of $53.31.

Gold Fields Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.