39,533 Shares in Gold Fields Limited $GFI Purchased by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC acquired a new position in shares of Gold Fields Limited (NYSE:GFI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 39,533 shares of the company’s stock, valued at approximately $1,795,000.

A number of other large investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in shares of Gold Fields in the 1st quarter valued at about $25,000. CIBC Private Wealth Group LLC raised its stake in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after buying an additional 273 shares during the last quarter. Bayforest Capital Ltd raised its stake in shares of Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after buying an additional 996 shares during the last quarter. Arax Advisory Partners lifted its holdings in Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after buying an additional 885 shares during the period. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in Gold Fields by 24.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after buying an additional 300 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and lifted their target price for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Royal Bank Of Canada reduced their price target on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Scotiabank dropped their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.75.

Gold Fields Price Performance

GFI opened at $32.00 on Friday. The firm’s fifty day moving average is $37.08 and its two-hundred day moving average is $44.80. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a twelve month low of $23.86 and a twelve month high of $61.64.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg?based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open?pit mining, ore treatment and refining, and ongoing exploration to replace reserves.