Niemann Capital Management Inc. Acquires Shares of 14,257 Gold Fields Limited (NYSE:GFI)

Niemann Capital Management Inc. acquired a new stake in Gold Fields Limited (NYSE:GFI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,257 shares of the company’s stock, valued at approximately $77,000. Gold Fields makes up about 0.1% of Niemann Capital Management Inc.’s holdings, making the stock its 16th largest holding.

Several other institutional investors have also added to or reduced their stakes in GFI. Bank of America Corp DE increased its stake in shares of Gold Fields by 79.2% in the fourth quarter. Bank of America Corp DE now owns 1,417,290 shares of the company’s stock worth $4,988,000 after acquiring an additional 626,531 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Gold Fields by 349.4% in the fourth quarter. Deutsche Bank AG now owns 5,173,316 shares of the company’s stock worth $18,209,000 after acquiring an additional 4,022,128 shares during the last quarter. We Are One Seven LLC increased its stake in shares of Gold Fields by 1,011.5% in the first quarter. We Are One Seven LLC now owns 11,115 shares of the company’s stock worth $41,000 after acquiring an additional 10,115 shares during the last quarter. CAPROCK Group Inc. acquired a new position in shares of Gold Fields in the first quarter worth $49,000. Finally, BNP Paribas Arbitrage SA increased its position in Gold Fields by 20.2% during the first quarter. BNP Paribas Arbitrage SA now owns 148,221 shares of the company’s stock worth $553,000 after buying an additional 24,871 shares during the last quarter. 44.27% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields stock traded up $0.01 during mid-day trading on Friday, hitting $6.12. 419,682 shares of the company’s stock were exchanged, compared to its average volume of 7,640,843. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.90 and a current ratio of 1.50. The firm has a market capitalization of $4.92 billion, a PE ratio of 87.43 and a beta of -0.90. Gold Fields Limited has a 1-year low of $2.20 and a 1-year high of $6.29. The business has a 50 day moving average price of $5.43.

GFI has been the topic of several analyst reports. Royal Bank of Canada downgraded shares of Gold Fields from an “outperform” rating to a “sector perform” rating and set a $5.31 target price on the stock. in a research report on Wednesday, June 26th. Zacks Investment Research raised shares of Gold Fields from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Monday, May 6th. ValuEngine raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Saturday, June 1st. Finally, BMO Capital Markets raised shares of Gold Fields from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Gold Fields presently has an average rating of “Hold” and a consensus price target of $4.11.

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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