Integrated Wealth Concepts LLC Has $1.84 Million Holdings in Gold Fields Limited (NYSE:GFI)

Integrated Wealth Concepts LLC cut its stake in Gold Fields Limited (NYSE:GFI) by 3.1% in the third quarter, HoldingsChannel reports. The fund owned 119,910 shares of the company’s stock after selling 3,848 shares during the period. Integrated Wealth Concepts LLC’s holdings in Gold Fields were worth $1,841,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GFI. Van ECK Associates Corp boosted its holdings in shares of Gold Fields by 3.3% in the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after buying an additional 1,549,372 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Gold Fields in the third quarter valued at about $9,911,000. Mackenzie Financial Corp raised its position in shares of Gold Fields by 28.7% in the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after purchasing an additional 581,730 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Gold Fields by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after purchasing an additional 580,546 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Gold Fields by 66.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock worth $21,263,000 after acquiring an additional 551,210 shares during the period. 26.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GFI shares. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating for the company in a report on Friday. Scotiabank lowered their price objective on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Bank of America initiated coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.03.

Gold Fields Stock Performance

Gold Fields stock opened at $13.88 on Friday. The business has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $15.48. Gold Fields Limited has a 52-week low of $12.19 and a 52-week high of $18.97.

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.