15,819 Shares in Gold Fields Limited $GFI Bought by Financial Advocates Investment Management

Financial Advocates Investment Management acquired a new stake in shares of Gold Fields Limited (NYSE:GFI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,819 shares of the company’s stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Penserra Capital Management LLC purchased a new stake in shares of Gold Fields during the 2nd quarter valued at about $26,000. IFP Advisors Inc lifted its stake in shares of Gold Fields by 672.1% in the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after purchasing an additional 1,351 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Gold Fields in the 2nd quarter worth approximately $47,000. Banque Cantonale Vaudoise bought a new position in shares of Gold Fields during the 1st quarter valued at approximately $44,000. Finally, Allworth Financial LP increased its position in shares of Gold Fields by 31.8% during the 2nd quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock valued at $48,000 after purchasing an additional 484 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GFI has been the subject of a number of analyst reports. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Investec lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Canaccord Genuity Group cut shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a research note on Monday, October 13th. Capital One Financial set a $32.00 price target on shares of Gold Fields in a report on Friday, August 22nd. Finally, Royal Bank Of Canada reduced their price objective on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.88.

Gold Fields Trading Up 6.0%

NYSE:GFI opened at $43.17 on Friday. Gold Fields Limited has a twelve month low of $12.98 and a twelve month high of $47.18. The stock has a fifty day simple moving average of $40.81 and a 200-day simple moving average of $31.91.

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.