Strs Ohio Takes $311,000 Position in Gold Fields Limited $GFI

Key Points

• Strs Ohio made a new investment in Gold Fields Limited, acquiring 14,100 shares valued at approximately $311,000 in the first quarter.
• Gold Fields has announced an increase in its semi-annual dividend to $0.3993, which represents a yield of 130%, enhancing returns for shareholders.
• As of the latest analysis, Gold Fields has a consensus rating of "Hold" from analysts, with an average price target of $26.63.

Strs Ohio purchased a new position in Gold Fields Limited (NYSE:GFI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,100 shares of the company's stock, valued at approximately $311,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. bought a new stake in Gold Fields in the first quarter worth $26,000. Banque Cantonale Vaudoise purchased a new position in shares of Gold Fields in the 1st quarter worth about $44,000. SVB Wealth LLC bought a new position in Gold Fields in the 1st quarter worth about $48,000. NewEdge Advisors LLC grew its position in Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock valued at $50,000 after purchasing an additional 2,152 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after purchasing an additional 649 shares in the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

NYSE GFI opened at $41.88 on Wednesday. The company has a 50-day moving average price of $31.50 and a 200-day moving average price of $25.79. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $42.74. The company has a quick ratio of 0.73, a current ratio of 1.89 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $37.48 billion, a P/E ratio of 17.82, a PEG ratio of 0.42 and a beta of 0.47.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be given a $0.3993 dividend. The ex-dividend date is Friday, September 12th. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. This represents a yield of 130.0%. Gold Fields's payout ratio is 27.23%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GFI. Capital One Financial set a $32.00 target price on shares of Gold Fields in a research note on Friday, August 22nd. Canaccord Genuity Group began coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective for the company. BMO Capital Markets increased their target price on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Finally, Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday, September 1st. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.63.

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.

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