Cerity Partners LLC Has $478,000 Stake in Gold Fields Limited (NYSE:GFI)

Cerity Partners LLC raised its position in shares of Gold Fields Limited (NYSE:GFI) by 131.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,152 shares of the company’s stock after purchasing an additional 17,664 shares during the quarter. Cerity Partners LLC’s holdings in Gold Fields were worth $478,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GFI. Van ECK Associates Corp lifted its position in shares of Gold Fields by 3.3% in the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock worth $744,566,000 after purchasing an additional 1,549,372 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Gold Fields by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after buying an additional 580,546 shares during the period. RWC Asset Management LLP lifted its position in Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after buying an additional 324,885 shares in the last quarter. Mackenzie Financial Corp lifted its position in Gold Fields by 28.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after buying an additional 581,730 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Gold Fields by 6.3% during the 2nd quarter. National Bank of Canada FI now owns 1,760,789 shares of the company’s stock valued at $26,165,000 after buying an additional 104,145 shares during the period. 26.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GFI has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Scotiabank lowered their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Bank of America initiated coverage on shares of Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 target price on the stock. Finally, Investec raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.03.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $13.89 on Monday. The stock’s 50-day moving average is $15.64 and its 200-day moving average is $15.47. The company has a market cap of $12.43 billion, a P/E ratio of 6.61, a P/E/G ratio of 0.41 and a beta of 1.13. Gold Fields Limited has a 52-week low of $12.19 and a 52-week high of $18.97.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.