Mitsubishi UFJ Trust & Banking Corp Has $7.15 Million Holdings in Gold Fields Limited $GFI

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Gold Fields Limited (NYSE:GFI) by 27.2% during the third quarter, Holdings Channel reports. The fund owned 170,496 shares of the company’s stock after selling 63,596 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Gold Fields were worth $7,154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Country Trust Bank acquired a new position in shares of Gold Fields in the 2nd quarter valued at about $26,000. Penserra Capital Management LLC purchased a new position in Gold Fields during the second quarter valued at approximately $26,000. IFP Advisors Inc increased its stake in Gold Fields by 672.1% in the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after buying an additional 1,351 shares during the period. Richardson Financial Services Inc. lifted its position in Gold Fields by 65.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,988 shares of the company’s stock worth $83,000 after buying an additional 783 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Gold Fields in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of GFI stock opened at $61.57 on Thursday. Gold Fields Limited has a 12-month low of $16.33 and a 12-month high of $61.64. The firm has a fifty day moving average of $45.84 and a 200-day moving average of $39.07.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GFI. Scotiabank upped their price target on shares of Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Monday. JPMorgan Chase & Co. upped their target price on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Royal Bank Of Canada reduced their price target on Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, Citigroup increased their price objective on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.00.

Gold Fields Company 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.