PNC Financial Services Group Inc. Increases Stock Position in Gold Fields Limited $GFI

PNC Financial Services Group Inc. boosted its holdings in Gold Fields Limited (NYSE:GFI) by 38.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,296 shares of the company’s stock after buying an additional 2,851 shares during the period. PNC Financial Services Group Inc.’s holdings in Gold Fields were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GFI. Bridgewater Advisors Inc. boosted its holdings in shares of Gold Fields by 1.8% in the second quarter. Bridgewater Advisors Inc. now owns 20,375 shares of the company’s stock worth $516,000 after acquiring an additional 354 shares during the period. Allworth Financial LP boosted its stake in Gold Fields by 31.8% in the 2nd quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock worth $48,000 after purchasing an additional 484 shares during the period. Signaturefd LLC boosted its stake in Gold Fields by 6.0% in the 2nd quarter. Signaturefd LLC now owns 9,714 shares of the company’s stock worth $230,000 after purchasing an additional 546 shares during the period. Assetmark Inc. grew its holdings in Gold Fields by 34.2% during the 2nd quarter. Assetmark Inc. now owns 2,189 shares of the company’s stock valued at $52,000 after buying an additional 558 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Gold Fields by 23.7% during the second quarter. GAMMA Investing LLC now owns 4,629 shares of the company’s stock valued at $110,000 after buying an additional 887 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of NYSE:GFI opened at $43.17 on Thursday. The company’s fifty day moving average price is $40.71 and its 200-day moving average price is $31.83. Gold Fields Limited has a one year low of $12.98 and a one year high of $47.18.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GFI shares. BMO Capital Markets raised their price objective on shares of Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. 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 report on Monday. Scotiabank boosted their price target on shares of Gold Fields from $30.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. started coverage on shares of Gold Fields in a report on Thursday, October 23rd. They issued an “overweight” rating and a $62.00 price target on the stock. Finally, Canaccord Genuity Group lowered Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.88.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.