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

Range Financial Group LLC acquired a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 58,328 shares of the company's stock, valued at approximately $770,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp increased its position in Gold Fields by 3.3% in the third quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company's stock worth $744,566,000 after buying an additional 1,549,372 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Gold Fields by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company's stock valued at $94,492,000 after acquiring an additional 580,546 shares during the period. Mackenzie Financial Corp raised its stake in Gold Fields by 28.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company's stock worth $38,878,000 after acquiring an additional 581,730 shares during the period. Bamco Inc. NY raised its stake in Gold Fields by 4.8% during the 3rd quarter. Bamco Inc. NY now owns 2,018,817 shares of the company's stock worth $30,989,000 after acquiring an additional 92,571 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings 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 valued at $21,263,000 after purchasing an additional 551,210 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

Shares of GFI traded up $0.35 during mid-day trading on Tuesday, hitting $14.19. 2,067,807 shares of the stock were exchanged, compared to its average volume of 2,016,864. The firm has a 50-day moving average of $14.53 and a two-hundred day moving average of $15.26. Gold Fields Limited has a 52-week low of $12.19 and a 52-week high of $18.97. The company 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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GFI shares. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. StockNews.com downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on Gold Fields from $18.00 to $17.10 and set a "neutral" rating for the company in a research note on Friday, December 6th. Finally, Bank of America started coverage on Gold Fields in a report on Monday, September 16th. They issued a "buy" rating and a $16.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.03.

Gold Fields 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.