Victory Capital Management Inc. Cuts Holdings in Gold Fields Limited (NYSE:GFI)

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Victory Capital Management Inc. reduced its position in Gold Fields Limited (NYSE:GFI) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,056,592 shares of the company’s stock after selling 490,782 shares during the quarter. Victory Capital Management Inc. owned about 0.35% of Gold Fields worth $37,565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Trust Advisors LP grew its holdings in Gold Fields by 5.5% in the third quarter. First Trust Advisors LP now owns 18,635 shares of the company’s stock worth $229,000 after purchasing an additional 969 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Gold Fields by 4.5% in the third quarter. Crossmark Global Holdings Inc. now owns 27,850 shares of the company’s stock worth $342,000 after purchasing an additional 1,190 shares during the last quarter. CWM LLC grew its holdings in Gold Fields by 8.4% in the second quarter. CWM LLC now owns 15,550 shares of the company’s stock worth $146,000 after purchasing an additional 1,200 shares during the last quarter. Sicart Associates LLC grew its holdings in Gold Fields by 8.0% in the second quarter. Sicart Associates LLC now owns 16,150 shares of the company’s stock worth $152,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Shilanski & Associates Inc. grew its holdings in shares of Gold Fields by 5.8% during the second quarter. Shilanski & Associates Inc. now owns 35,719 shares of the company’s stock valued at $336,000 after buying an additional 1,963 shares during the last quarter. 36.71% of the stock is currently owned by institutional investors and hedge funds.

GFI has been the topic of a number of research analyst reports. Scotiabank boosted their price objective on shares of Gold Fields from $9.50 to $10.50 and gave the company a “sector perform” rating in a report on Friday, August 21st. ValuEngine lowered shares of Gold Fields from a “sell” rating to a “strong sell” rating in a report on Monday, November 16th. Zacks Investment Research lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 9th. BMO Capital Markets reissued a “buy” rating and set a $15.50 price objective on shares of Gold Fields in a report on Wednesday, August 26th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $15.25 price objective on shares of Gold Fields in a report on Thursday, September 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Gold Fields currently has a consensus rating of “Hold” and an average target price of $13.11.

Shares of Gold Fields stock opened at $9.65 on Friday. The firm has a 50-day simple moving average of $11.73 and a two-hundred day simple moving average of $10.88. The company has a market cap of $8.52 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 0.44 and a beta of 0.73. Gold Fields Limited has a fifty-two week low of $3.79 and a fifty-two week high of $14.90.

About Gold Fields

Gold Fields Ltd. is a gold mining company, which engages in the production of gold and operation of mines. Its operating mines are located in Australia, Ghana, Peru, and South Africa. The company was founded on May 03, 1968 and is headquartered in Johannesburg, South Africa.

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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