Public Employees Retirement System of Ohio Cuts Stake in Gold Fields Limited $GFI

Public Employees Retirement System of Ohio lowered its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 31.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,905 shares of the company's stock after selling 28,105 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Gold Fields were worth $1,442,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in Gold Fields by 1.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock worth $99,567,000 after buying an additional 45,171 shares during the last quarter. Amundi increased its holdings in shares of Gold Fields by 17.8% in the 1st quarter. Amundi now owns 3,661,529 shares of the company's stock valued at $82,934,000 after purchasing an additional 554,160 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Gold Fields by 6.0% in the 1st quarter. American Century Companies Inc. now owns 3,154,846 shares of the company's stock valued at $69,691,000 after purchasing an additional 178,842 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Gold Fields by 21.5% in the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock valued at $58,376,000 after purchasing an additional 467,579 shares in the last quarter. Finally, Clark Capital Management Group Inc. purchased a new position in shares of Gold Fields in the 1st quarter valued at about $49,186,000. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

Gold Fields stock opened at $42.32 on Friday. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $43.13. The stock has a market capitalization of $37.88 billion, a P/E ratio of 18.01, a P/E/G ratio of 0.43 and a beta of 0.49. The firm's 50-day moving average is $34.15 and its two-hundred day moving average is $26.90.

Gold Fields Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were given a $0.3993 dividend. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. This represents a dividend yield of 130.0%. The ex-dividend date of this dividend was Friday, September 12th. Gold Fields's dividend payout ratio is 27.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GFI shares. Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Canaccord Genuity Group started coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 price target for the company. Capital One Financial set a $32.00 price target on shares of Gold Fields in a report on Friday, August 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Gold Fields in a report on Saturday, September 27th. Finally, BMO Capital Markets raised their target price on shares of Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, August 25th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.63.

Gold Fields 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.

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