Range Financial Group LLC Increases Position in Gold Fields Limited (NYSE:GFI)

Range Financial Group LLC lifted its holdings in Gold Fields Limited (NYSE:GFI - Free Report) by 52.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,813 shares of the company's stock after purchasing an additional 30,485 shares during the period. Gold Fields comprises about 0.9% of Range Financial Group LLC's portfolio, making the stock its 29th largest holding. Range Financial Group LLC's holdings in Gold Fields were worth $1,962,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FCA Corp TX acquired a new stake in Gold Fields in the 4th quarter worth about $108,000. Net Worth Advisory Group acquired a new position in shares of Gold Fields during the 4th quarter worth approximately $136,000. Signaturefd LLC boosted its holdings in shares of Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock worth $136,000 after purchasing an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Gold Fields during the 4th quarter valued at approximately $139,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Gold Fields during the 4th quarter valued at approximately $141,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Stock Down 3.2%

Shares of GFI opened at $24.61 on Monday. The firm has a market cap of $22.03 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.30 and a beta of 0.55. The company's fifty day moving average is $22.52 and its two-hundred day moving average is $18.90. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $26.36.

Analysts Set New Price Targets

GFI has been the topic of a number of research analyst reports. HSBC reissued a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Scotiabank increased their target price on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Finally, Hsbc Global Res raised shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.56.

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.

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