Range Financial Group LLC Invests $770,000 in Gold Fields Limited (NYSE:GFI)

Range Financial Group LLC bought a new stake in shares of Gold Fields Limited (NYSE:GFI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 58,328 shares of the company’s stock, valued at approximately $770,000.

Other hedge funds have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC raised its holdings in Gold Fields by 8.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after acquiring an additional 850 shares in the last quarter. Sierra Summit Advisors LLC lifted its position in Gold Fields by 8.6% in the second quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock worth $348,000 after purchasing an additional 1,857 shares during the period. Quantinno Capital Management LP boosted its stake in Gold Fields by 11.1% during the third quarter. Quantinno Capital Management LP now owns 21,205 shares of the company’s stock worth $326,000 after buying an additional 2,118 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Gold Fields by 1.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock valued at $1,929,000 after buying an additional 2,300 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Gold Fields by 13.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock valued at $318,000 after buying an additional 2,480 shares in the last quarter. 24.81% of the stock is owned by institutional investors.

Gold Fields Stock Up 2.5 %

GFI stock traded up $0.35 during midday trading on Tuesday, reaching $14.19. The company’s stock had a trading volume of 2,052,959 shares, compared to its average volume of 2,016,839. The business’s 50-day simple moving average is $14.53 and its 200-day simple moving average is $15.26. The stock has a market cap of $12.70 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13. Gold Fields Limited has a 52 week low of $12.19 and a 52 week high of $18.97.

Wall Street Analyst Weigh In

GFI has been the subject of several recent research reports. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Bank of America began coverage on Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 target price for the company. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.03.

Gold Fields Company Profile

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.