Mitsubishi UFJ Trust & Banking Corp Cuts Stake in Gold Fields Limited $GFI

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Gold Fields Limited (NYSE:GFI) by 27.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,496 shares of the company’s stock after selling 63,596 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Gold Fields were worth $7,154,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in shares of Gold Fields by 20.3% in the 1st quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after purchasing an additional 32,343 shares in the last quarter. NewEdge Advisors LLC lifted its position in Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after buying an additional 2,152 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Gold Fields during the first quarter worth approximately $236,000. Jones Financial Companies Lllp purchased a new stake in Gold Fields during the first quarter worth approximately $268,000. Finally, GAMMA Investing LLC increased its position in shares of Gold Fields by 23.7% in the second quarter. GAMMA Investing LLC now owns 4,629 shares of the company’s stock worth $110,000 after acquiring an additional 887 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analysts Set New Price Targets

GFI has been the topic of several recent research reports. Zacks Research lowered Gold Fields from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Royal Bank Of Canada reduced their target price on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. Scotiabank boosted their price objective on shares of Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.00.

Gold Fields Stock Up 9.1%

GFI opened at $61.57 on Thursday. The business’s 50 day moving average is $45.84 and its 200-day moving average is $39.07. Gold Fields Limited has a twelve month low of $16.33 and a twelve month high of $61.64.

Gold Fields Profile

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.