Janney Montgomery Scott LLC Grows Position in Gold Fields Limited (NYSE:GFI)

Janney Montgomery Scott LLC grew its stake in Gold Fields Limited (NYSE:GFI – Get Rating) by 5.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 592,678 shares of the company’s stock after buying an additional 29,873 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Gold Fields were worth $4,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors boosted its position in Gold Fields by 100.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock worth $25,000 after purchasing an additional 1,376 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Gold Fields by 5.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 29,016 shares of the company’s stock worth $449,000 after buying an additional 1,566 shares during the period. Private Advisor Group LLC raised its stake in shares of Gold Fields by 10.2% during the 3rd quarter. Private Advisor Group LLC now owns 20,759 shares of the company’s stock worth $168,000 after buying an additional 1,922 shares during the period. Truepoint Inc. raised its stake in shares of Gold Fields by 20.0% during the 2nd quarter. Truepoint Inc. now owns 12,000 shares of the company’s stock worth $109,000 after buying an additional 2,000 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Gold Fields by 2.6% during the 2nd quarter. Northern Trust Corp now owns 92,740 shares of the company’s stock worth $846,000 after buying an additional 2,343 shares during the period. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Gold Fields Price Performance

NYSE GFI opened at $12.02 on Wednesday. The business has a fifty day moving average price of $10.66 and a 200 day moving average price of $9.28. Gold Fields Limited has a one year low of $7.03 and a one year high of $17.20.

Analyst Ratings Changes

Several brokerages have recently weighed in on GFI. StockNews.com downgraded Gold Fields from a “buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets upped their target price on Gold Fields from $10.50 to $11.50 and gave the stock a “market perform” rating in a research note on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.40.

About Gold Fields

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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.