Mackenzie Financial Corp Acquires 436,926 Shares of Gold Fields Limited $GFI

Mackenzie Financial Corp lifted its holdings in Gold Fields Limited (NYSE:GFI) by 69.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,061,692 shares of the company’s stock after buying an additional 436,926 shares during the period. Mackenzie Financial Corp’s holdings in Gold Fields were worth $44,549,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new stake in Gold Fields during the second quarter valued at approximately $26,000. Country Trust Bank bought a new position in shares of Gold Fields during the 2nd quarter valued at approximately $26,000. Archer Investment Corp bought a new stake in Gold Fields in the third quarter worth $42,000. Cary Street Partners Investment Advisory LLC purchased a new position in Gold Fields during the third quarter worth $45,000. Finally, Allworth Financial LP increased its position in Gold Fields by 31.8% during 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 last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GFI has been the topic of several analyst reports. Citigroup upped their price target on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Zacks Research raised Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Scotiabank boosted their price objective on Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. JPMorgan Chase & Co. increased their target price on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Trading Up 0.7%

Shares of Gold Fields stock opened at $50.92 on Friday. The company has a 50-day simple moving average of $52.32 and a two-hundred day simple moving average of $44.62. Gold Fields Limited has a one year low of $19.35 and a one year high of $61.64.

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.