PKO Investment Management Joint Stock Co Purchases 34,000 Shares of Gold Fields Limited $GFI

PKO Investment Management Joint Stock Co grew its position in Gold Fields Limited (NYSE:GFI) by 11.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 319,496 shares of the company’s stock after purchasing an additional 34,000 shares during the quarter. Gold Fields comprises 1.1% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 19th biggest holding. PKO Investment Management Joint Stock Co’s holdings in Gold Fields were worth $13,949,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GFI. Van ECK Associates Corp raised its position in Gold Fields by 1.6% during the third quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after purchasing an additional 539,923 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Gold Fields by 39.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after purchasing an additional 1,714,442 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Gold Fields by 24.3% in the 3rd quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock valued at $173,584,000 after purchasing an additional 809,816 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in shares of Gold Fields by 1.9% in the 3rd quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock valued at $96,424,000 after purchasing an additional 41,889 shares during the last quarter. Finally, Man Group plc increased its stake in shares of Gold Fields by 59.9% in the 3rd quarter. Man Group plc now owns 2,229,678 shares of the company’s stock valued at $93,557,000 after purchasing an additional 835,581 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Scotiabank dropped their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and raised their price target for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Finally, Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a report on Wednesday. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $49.75.

Gold Fields Price Performance

Shares of GFI stock opened at $42.02 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The business’s 50-day moving average price is $47.88 and its 200-day moving average price is $46.35. Gold Fields Limited has a 12 month low of $19.35 and a 12 month high of $61.64.

Gold Fields Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were given a dividend of $1.4419 per share. The ex-dividend date was Friday, March 13th. This represents a yield of 633.0%.

Gold Fields 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.