Clark Capital Management Group Inc. Purchases 41,889 Shares of Gold Fields Limited $GFI

Clark Capital Management Group Inc. raised its position in shares of Gold Fields Limited (NYSE:GFI) by 1.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,298,006 shares of the company’s stock after purchasing an additional 41,889 shares during the period. Clark Capital Management Group Inc. owned approximately 0.26% of Gold Fields worth $96,424,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GFI. Penserra Capital Management LLC bought a new position in shares of Gold Fields during the 2nd quarter valued at about $26,000. Country Trust Bank bought a new stake in Gold Fields in the 2nd quarter worth approximately $26,000. Archer Investment Corp bought a new stake in Gold Fields in the 3rd quarter worth approximately $42,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Gold Fields in the third quarter worth approximately $45,000. Finally, Allworth Financial LP boosted its stake in Gold Fields by 31.8% in the second quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock worth $48,000 after buying an additional 484 shares in the last quarter. Institutional investors own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GFI. Royal Bank Of Canada decreased their price target on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Citigroup increased their target price on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Finally, Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.00.

Gold Fields Stock Down 10.5%

Shares of NYSE GFI opened at $45.62 on Friday. The firm’s fifty day moving average is $52.36 and its 200 day moving average is $44.79. Gold Fields Limited has a 52 week low of $19.35 and a 52 week high of $61.64.

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.