Centiva Capital LP Takes Position in Gold Fields Limited $GFI

Centiva Capital LP bought a new position in Gold Fields Limited (NYSE:GFI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 39,899 shares of the company’s stock, valued at approximately $1,674,000.

Several other institutional investors also recently modified their holdings of GFI. Clark Capital Management Group Inc. boosted its stake in Gold Fields by 1.9% during the third quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock worth $96,424,000 after acquiring an additional 41,889 shares in the last quarter. Aquatic Capital Management LLC increased its stake in shares of Gold Fields by 76.0% during the third quarter. Aquatic Capital Management LLC now owns 84,825 shares of the company’s stock valued at $3,559,000 after purchasing an additional 36,640 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of Gold Fields during the third quarter valued at approximately $6,989,000. Ameriprise Financial Inc. lifted its holdings in shares of Gold Fields by 14.5% during the third quarter. Ameriprise Financial Inc. now owns 24,457 shares of the company’s stock valued at $1,026,000 after purchasing an additional 3,103 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of Gold Fields by 1,206.4% during the third quarter. Schonfeld Strategic Advisors LLC now owns 148,808 shares of the company’s stock valued at $6,244,000 after purchasing an additional 137,417 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GFI. Royal Bank Of Canada cut their price target on Gold Fields to $45.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Wall Street Zen raised Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Finally, Citigroup raised their price target on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Price Performance

Shares of GFI opened at $45.62 on Friday. Gold Fields Limited has a twelve month low of $19.35 and a twelve month high of $61.64. The firm has a 50 day moving average of $52.36 and a 200 day moving average of $44.79.

About Gold Fields

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.