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

Range Financial Group LLC purchased a new position in Gold Fields Limited (NYSE:GFI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 58,328 shares of the company’s stock, valued at approximately $770,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LGT Fund Management Co Ltd. bought a new position in Gold Fields during the 2nd quarter worth approximately $149,000. QRG Capital Management Inc. acquired a new stake in shares of Gold Fields during the 3rd quarter valued at approximately $160,000. Concurrent Investment Advisors LLC boosted its holdings in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after purchasing an additional 850 shares during the period. Candriam S.C.A. acquired a new position in Gold Fields in the second quarter worth $189,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Gold Fields during the third quarter valued at $209,000. Institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Up 2.5 %

NYSE:GFI traded up $0.35 during trading hours on Tuesday, hitting $14.19. 2,052,959 shares of the stock traded hands, compared to its average volume of 2,016,839. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 0.43 and a beta of 1.13. The firm has a 50 day moving average price of $14.53 and a 200 day moving average price of $15.26. Gold Fields Limited has a fifty-two week low of $12.19 and a fifty-two week high of $18.97.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Bank of America initiated coverage on Gold Fields in a research note on Monday, September 16th. They issued a “buy” rating and a $16.00 target price on the stock. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.