D.A. Davidson & CO. Invests $428,000 in Gold Fields Limited (NYSE:GFI)

D.A. Davidson & CO. bought a new position in Gold Fields Limited (NYSE:GFI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 32,396 shares of the company’s stock, valued at approximately $428,000.

Several other hedge funds also recently made changes to their positions in GFI. QRG Capital Management Inc. bought a new stake in shares of Gold Fields in the 3rd quarter worth approximately $160,000. Concurrent Investment Advisors LLC increased its position in shares of Gold Fields by 8.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after purchasing an additional 850 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gold Fields in the 3rd quarter worth $209,000. Rhumbline Advisers grew its holdings in shares of Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after acquiring an additional 720 shares during the last quarter. Finally, Rakuten Securities Inc. grew its holdings in shares of Gold Fields by 90.7% in the 3rd quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after acquiring an additional 7,879 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Stock Performance

NYSE GFI opened at $18.77 on Wednesday. Gold Fields Limited has a twelve month low of $12.28 and a twelve month high of $19.80. The stock has a market capitalization of $16.80 billion, a PE ratio of 7.99, a P/E/G ratio of 0.30 and a beta of 1.15. The stock has a 50-day simple moving average of $16.02 and a 200 day simple moving average of $15.53.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GFI shares. Scotiabank lifted their price target on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Finally, StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Gold Fields currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

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.