87,976 Shares in Gold Fields Limited $GFI Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 87,976 Gold Fields shares in the second quarter, valued at approximately $2.96 million. Institutional investors collectively own 24.81% of the company.
• Analyst sentiment is mixed but leans toward a consensus “Hold” rating, with five Buy, three Hold, and two Sell ratings. The average price target is $54.05, though several analysts recently lowered their targets.
• Gold Fields shares opened at $47.41, compared with a 52-week range of $31.11 to $61.64. The company also announced a $1.0144-per-share dividend payable September 24 to shareholders of record September 11.

Public Employees Retirement System of Ohio acquired a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 87,976 shares of the company's stock, valued at approximately $2,955,000.

Several other hedge funds also recently bought and sold shares of GFI. Blue Trust Inc. lifted its position in shares of Gold Fields by 4.5% during the first quarter. Blue Trust Inc. now owns 4,957 shares of the company's stock worth $225,000 after purchasing an additional 215 shares during the last quarter. Manning & Napier Advisors LLC grew its holdings in shares of Gold Fields by 0.3% in the first quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company's stock worth $3,617,000 after purchasing an additional 241 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Gold Fields by 3.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company's stock worth $338,000 after purchasing an additional 269 shares during the last quarter. SmartHarvest Portfolios LLC increased its stake in Gold Fields by 5.9% in the 1st quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company's stock worth $221,000 after buying an additional 273 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Gold Fields by 47.1% in the 3rd 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 period. Institutional investors own 24.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank lowered their price objective on shares of Gold Fields from $60.00 to $52.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 14th. Wall Street Zen lowered shares of Gold Fields from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Zacks Research downgraded shares of Gold Fields from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. lowered their price target on Gold Fields from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Gold Fields in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $54.05.

Gold Fields Price Performance

NYSE:GFI opened at $47.41 on Friday. Gold Fields Limited has a 1-year low of $31.11 and a 1-year high of $61.64. The company has a 50-day moving average of $38.10 and a 200 day moving average of $42.22. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.27.

Gold Fields Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be paid a dividend of $1.0144 per share. The ex-dividend date is Friday, September 11th. This represents a dividend yield of 421.0%.

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.

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