B. Metzler seel. Sohn & Co. Holding AG Takes Position in Gold Fields Limited (NYSE:GFI)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Gold Fields Limited (NYSE:GFI) during the third quarter, Holdings Channel.com reports. The fund purchased 13,636 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its position in Gold Fields by 15.2% in the second quarter. Creative Planning now owns 54,242 shares of the company’s stock worth $808,000 after purchasing an additional 7,155 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Gold Fields in the 3rd quarter worth about $1,052,000. International Assets Investment Management LLC bought a new position in Gold Fields during the third quarter valued at about $10,600,000. Range Financial Group LLC purchased a new stake in Gold Fields during the second quarter worth about $1,243,000. Finally, Van ECK Associates Corp raised 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 acquiring an additional 1,549,372 shares during the period. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

NYSE:GFI opened at $14.73 on Tuesday. Gold Fields Limited has a 1 year low of $12.19 and a 1 year high of $18.97. The stock’s fifty day moving average price is $15.81 and its two-hundred day moving average price is $15.60.

Analyst Ratings Changes

A number of research firms have recently weighed in on GFI. Scotiabank reduced their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Investec raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Bank of America started coverage on Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 price target for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Gold Fields has a consensus rating of “Hold” and an average price target of $15.93.

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.