PKO Investment Management Joint Stock Co Makes New $5.35 Million Investment in Gold Fields Limited (NYSE:GFI)

PKO Investment Management Joint Stock Co bought a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 404,996 shares of the company's stock, valued at approximately $5,346,000.

Several other hedge funds have also recently bought and sold shares of GFI. SG Americas Securities LLC increased its position in Gold Fields by 42.3% during the fourth quarter. SG Americas Securities LLC now owns 87,990 shares of the company's stock worth $1,161,000 after buying an additional 26,143 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Gold Fields by 78.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company's stock valued at $7,735,000 after purchasing an additional 257,081 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Gold Fields by 8.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock valued at $21,194,000 after purchasing an additional 122,247 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Gold Fields in the fourth quarter valued at about $1,641,000. Finally, Rhumbline Advisers grew its position in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company's stock valued at $229,000 after purchasing an additional 720 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Trading Down 0.1%

Shares of GFI traded down $0.02 during mid-day trading on Friday, hitting $22.99. 3,023,773 shares of the company traded hands, compared to its average volume of 3,638,482. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.30 and a beta of 0.57. The business has a 50-day moving average of $22.18 and a 200 day moving average of $18.53. Gold Fields Limited has a one year low of $12.98 and a one year high of $25.52.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a $0.3752 dividend. This is a boost from Gold Fields's previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, March 14th. Gold Fields's dividend payout ratio (DPR) is 25.96%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GFI. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday. HSBC reissued a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Finally, Scotiabank raised their price target on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.56.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.