The Manufacturers Life Insurance Company Lowers Stake in Gold Fields Limited (NYSE:GFI)

The Manufacturers Life Insurance Company decreased its holdings in Gold Fields Limited (NYSE:GFI) by 19.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,128 shares of the company’s stock after selling 17,646 shares during the period. The Manufacturers Life Insurance Company’s holdings in Gold Fields were worth $1,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning grew its position in shares of Gold Fields by 15.2% in the 2nd quarter. Creative Planning now owns 54,242 shares of the company’s stock valued at $808,000 after buying an additional 7,155 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Gold Fields by 36.9% in the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock valued at $4,280,000 after purchasing an additional 71,094 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Gold Fields in the 3rd quarter valued at about $1,052,000. International Assets Investment Management LLC acquired a new stake in shares of Gold Fields in the 3rd quarter valued at about $10,600,000. Finally, Range Financial Group LLC purchased a new position in Gold Fields during the 2nd quarter worth approximately $1,243,000. 26.02% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Up 2.3 %

Shares of NYSE:GFI opened at $14.90 on Thursday. Gold Fields Limited has a 52 week low of $12.19 and a 52 week high of $18.97. The business has a fifty day simple moving average of $15.56 and a 200-day simple moving average of $15.44.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GFI. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Scotiabank cut their price objective on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Bank of America began coverage on shares of Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Gold Fields currently has an average rating of “Hold” and an average target price of $16.03.

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.