Outlook Wealth Advisors LLC Invests $505,000 in Gold Fields Limited $GFI

Outlook Wealth Advisors LLC purchased a new stake in Gold Fields Limited (NYSE:GFI) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,023 shares of the company’s stock, valued at approximately $505,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Country Trust Bank acquired a new position in Gold Fields during the second quarter worth about $26,000. Penserra Capital Management LLC acquired a new stake in shares of Gold Fields in the 2nd quarter worth approximately $26,000. IFP Advisors Inc increased its stake in Gold Fields by 672.1% in the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after purchasing an additional 1,351 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in Gold Fields by 65.0% during the third quarter. Richardson Financial Services Inc. now owns 1,988 shares of the company’s stock worth $83,000 after purchasing an additional 783 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Gold Fields during the second quarter worth $47,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GFI. Scotiabank lifted their price target on Gold Fields from $30.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. Citigroup raised their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research report on Wednesday, October 8th. Investec downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.25.

Gold Fields Price Performance

NYSE:GFI opened at $51.29 on Thursday. The firm has a 50 day simple moving average of $44.31 and a 200-day simple moving average of $37.96. Gold Fields Limited has a 1-year low of $15.97 and a 1-year high of $55.39.

Gold Fields Company 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.