Segall Bryant & Hamill LLC Invests $583,000 in Gold Fields Limited $GFI

Segall Bryant & Hamill LLC bought a new position in shares of Gold Fields Limited (NYSE:GFI) during the third quarter, according to its most recent filing with the SEC. The fund bought 13,900 shares of the company’s stock, valued at approximately $583,000.

Other hedge funds have also recently made changes to their positions in the company. Bridgewater Advisors Inc. raised its holdings in Gold Fields by 1.6% during the 3rd quarter. Bridgewater Advisors Inc. now owns 20,692 shares of the company’s stock valued at $868,000 after acquiring an additional 317 shares during the period. CWM LLC lifted its holdings in shares of Gold Fields by 24.7% in the third quarter. CWM LLC now owns 2,086 shares of the company’s stock worth $88,000 after buying an additional 413 shares in the last quarter. Naviter Wealth LLC lifted its holdings in shares of Gold Fields by 3.4% in the third quarter. Naviter Wealth LLC now owns 12,808 shares of the company’s stock worth $537,000 after buying an additional 424 shares in the last quarter. Allworth Financial LP boosted its position in shares of Gold Fields by 31.8% in the second quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock valued at $48,000 after acquiring an additional 484 shares during the period. Finally, Park Avenue Securities LLC boosted its position in shares of Gold Fields by 0.9% in the third quarter. Park Avenue Securities LLC now owns 58,568 shares of the company’s stock valued at $2,458,000 after acquiring an additional 495 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Performance

GFI stock opened at $50.35 on Friday. The stock’s fifty day moving average price is $51.69 and its 200-day moving average price is $44.02. Gold Fields Limited has a 1 year low of $19.35 and a 1 year high of $61.64.

Wall Street Analysts Forecast Growth

GFI has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Scotiabank boosted 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 note on Monday, January 26th. Royal Bank Of Canada cut their price target on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Finally, Citigroup boosted their target price on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.00.

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.