Public Employees Retirement System of Ohio Invests $2.96 Million in Gold Fields Limited $GFI

Public Employees Retirement System of Ohio acquired a new position in shares of Gold Fields Limited (NYSE:GFI) in the second quarter, Holdings Channel reports. The firm acquired 87,976 shares of the company’s stock, valued at approximately $2,955,000.

A number of other institutional investors also recently added to or reduced their stakes in GFI. Crescent Grove Advisors LLC bought a new stake in shares of Gold Fields in the 1st quarter valued at about $1,795,000. Bank of America Corp DE raised its stake in shares of Gold Fields by 32.1% during the 1st quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock worth $35,039,000 after acquiring an additional 187,755 shares in the last quarter. Euro Pacific Asset Management LLC raised its stake in shares of Gold Fields by 371.9% during the 1st quarter. Euro Pacific Asset Management LLC now owns 64,497 shares of the company’s stock worth $3,117,000 after acquiring an additional 50,830 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Gold Fields during the second quarter valued at approximately $8,033,000. Finally, U S Global Investors Inc. lifted its position in Gold Fields by 110.9% during the first quarter. U S Global Investors Inc. now owns 316,358 shares of the company’s stock valued at $14,363,000 after acquiring an additional 166,358 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Trading Down 1.6%

NYSE:GFI opened at $47.41 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.33. Gold Fields Limited has a twelve month low of $31.11 and a twelve month high of $61.64. The company’s 50 day moving average is $38.10 and its two-hundred day moving average is $42.22.

Gold Fields Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be given a $1.0144 dividend. This represents a dividend yield of 421.0%. The ex-dividend date of this dividend is Friday, September 11th.

Wall Street Analysts Forecast Growth

GFI has been the topic of several analyst reports. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Scotiabank decreased 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. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada dropped their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. reduced their target price on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $54.05.

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.