Fox Run Management L.L.C. Buys Shares of 42,799 Gold Fields Limited $GFI

Key Points

• Fox Run Management L.L.C. acquired a new stake in Gold Fields Limited (NYSE:GFI), purchasing 42,799 shares valued at approximately $945,000 in the first quarter.
• Several other institutional investors have also increased their holdings in Gold Fields, with 24.81% of the stock now owned by institutional investors and hedge funds.
• The stock price of Gold Fields has seen significant fluctuations, with a 12-month low of $12.98 and a high of $31.77, and currently trades around $30.02.

Fox Run Management L.L.C. purchased a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 42,799 shares of the company's stock, valued at approximately $945,000.

Other large investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new stake in Gold Fields during the first quarter valued at about $26,000. Banque Cantonale Vaudoise bought a new position in shares of Gold Fields during the first quarter valued at about $44,000. GAMMA Investing LLC grew its stake in shares of Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after buying an additional 649 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Gold Fields by 67.1% in the first quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock worth $90,000 after purchasing an additional 1,627 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Gold Fields in the fourth quarter worth about $139,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on GFI. Canaccord Genuity Group began coverage on Gold Fields in a research note on Monday, July 28th. They issued a "buy" rating and a $33.00 target price on the stock. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Gold Fields currently has a consensus rating of "Hold" and a consensus target price of $22.36.

Gold Fields Stock Up 1.1%

Shares of GFI traded up $0.34 during mid-day trading on Thursday, reaching $30.22. The company had a trading volume of 1,258,905 shares, compared to its average volume of 3,381,239. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. The firm has a 50-day moving average price of $25.94 and a 200 day moving average price of $22.94. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $31.77. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.31 and a beta of 0.42.

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.