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

Key Points

• PKO Investment Management raised its stake in Gold Fields (NYSE: GFI) by 11.9% in Q4, buying 34,000 shares to hold 319,496 shares worth $13,949,000, representing about 1.1% of PKO's portfolio and its 19th-largest holding.
• Gold Fields paid a special dividend of $1.4419 (record date Mar 13, paid Mar 26), which the article reports as a 633.0% dividend yield.
• The stock opened at $42.02, has a one-year range of $19.35–$61.64 with 50‑ and 200‑day moving averages of $47.88 and $46.35, and Wall Street’s consensus rating is a Hold with a target price of $49.75.

PKO Investment Management Joint Stock Co increased its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 11.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 319,496 shares of the company's stock after buying an additional 34,000 shares during the period. Gold Fields accounts for about 1.1% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 19th largest holding. PKO Investment Management Joint Stock Co's holdings in Gold Fields were worth $13,949,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its holdings in Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock valued at $36,000 after acquiring an additional 273 shares during the period. Archer Investment Corp bought a new stake in shares of Gold Fields during the third quarter worth approximately $42,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Gold Fields in the third quarter valued at approximately $45,000. Bayforest Capital Ltd grew its position in shares of Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company's stock valued at $47,000 after purchasing an additional 996 shares during the last quarter. Finally, Westside Investment Management Inc. increased its stake in shares of Gold Fields by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,210 shares of the company's stock worth $51,000 after purchasing an additional 605 shares during the period. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Stock Performance

Gold Fields stock opened at $42.02 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The stock's fifty day moving average price is $47.88 and its two-hundred day moving average price is $46.35. Gold Fields Limited has a one year low of $19.35 and a one year high of $61.64.

Gold Fields Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on GFI shares. Morgan Stanley downgraded Gold Fields from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 23rd. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 27th. Zacks Research downgraded Gold Fields from a "hold" rating to a "strong sell" rating in a report on Wednesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a research report on Thursday, January 22nd. Finally, Scotiabank dropped their price objective on shares of Gold Fields from $61.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $49.75.

About Gold Fields

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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