Arizona State Retirement System Invests $666,000 in Gold Fields Limited $GFI

Arizona State Retirement System acquired a new stake in Gold Fields Limited (NYSE:GFI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,884 shares of the company’s stock, valued at approximately $666,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Gold Fields by 84.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after buying an additional 2,545,579 shares during the period. Invesco Ltd. grew its position in shares of Gold Fields by 32.9% in the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after purchasing an additional 1,217,594 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Gold Fields by 32.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock worth $183,416,000 after purchasing an additional 1,062,242 shares during the period. DJE Kapital AG lifted its holdings in Gold Fields by 19.7% during the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after purchasing an additional 742,174 shares during the last quarter. Finally, Man Group plc boosted its stake in Gold Fields by 68.4% in the 2nd quarter. Man Group plc now owns 1,394,097 shares of the company’s stock valued at $32,998,000 after purchasing an additional 566,386 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on GFI shares. Scotiabank raised 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 report on Monday, January 26th. Citigroup boosted their price target on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada lowered their price target on Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Canaccord Genuity Group cut Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 target price on the stock. in a research report on Monday, October 13th. Finally, Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.00.

Gold Fields Price Performance

Shares of Gold Fields stock opened at $55.95 on Tuesday. Gold Fields Limited has a twelve month low of $17.64 and a twelve month high of $61.64. The company’s fifty day moving average is $47.70 and its 200 day moving average is $40.76.

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.