Cubist Systematic Strategies LLC Purchases 244,042 Shares of Gold Fields Limited (GFI)
Cubist Systematic Strategies LLC lifted its position in Gold Fields Limited (JSE:GFI) by 115.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 454,730 shares of the basic materials company’s stock after purchasing an additional 244,042 shares during the quarter. Cubist Systematic Strategies LLC owned 0.06% of Gold Fields worth $1,960,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Anchor Bolt Capital LP grew its holdings in shares of Gold Fields by 51.0% during the third quarter. Anchor Bolt Capital LP now owns 12,659,944 shares of the basic materials company’s stock worth $54,564,000 after purchasing an additional 4,277,512 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Gold Fields during the third quarter worth $16,117,000. AMP Capital Investors Ltd bought a new stake in shares of Gold Fields during the third quarter worth $1,236,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Gold Fields during the third quarter worth $1,197,000. Finally, U S Global Investors Inc. grew its holdings in shares of Gold Fields by 120.1% during the third quarter. U S Global Investors Inc. now owns 57,549 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 31,401 shares during the last quarter.
Gold Fields Limited (JSE GFI) opened at $5,099.00 on Friday. Gold Fields Limited has a one year low of $3,680.00 and a one year high of $6,094.00.
GFI has been the topic of a number of recent analyst reports. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 9th. Zacks Investment Research raised Gold Fields from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, BidaskClub raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3.88.
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Gold Fields Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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