Gold Fields Limited (NYSE:GFI) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP trimmed its stake in shares of Gold Fields Limited (NYSE:GFI) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 413,546 shares of the company’s stock after selling 33,901 shares during the quarter. Bridgewater Associates LP’s holdings in Gold Fields were worth $6,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GFI. Concurrent Investment Advisors LLC grew its position in shares of Gold Fields by 8.3% during the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after acquiring an additional 850 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Gold Fields by 10.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after buying an additional 1,090 shares during the last quarter. Sierra Summit Advisors LLC boosted its position in shares of Gold Fields by 8.6% during the second quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock worth $348,000 after buying an additional 1,857 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Gold Fields by 1.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock worth $1,929,000 after buying an additional 2,300 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Gold Fields by 13.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock valued at $318,000 after acquiring an additional 2,480 shares during the period. Institutional investors own 26.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on GFI shares. Scotiabank reduced their price target on 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. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Bank of America began coverage on shares of Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.93.

Gold Fields Price Performance

Shares of NYSE GFI opened at $14.50 on Friday. Gold Fields Limited has a twelve month low of $12.19 and a twelve month high of $18.97. The firm has a 50-day moving average of $15.81 and a two-hundred day moving average of $15.56.

Gold Fields Company Profile

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.