Teachers Retirement System of The State of Kentucky Takes $4.91 Million Position in Gold Fields Limited $GFI

Key Points

• Teachers Retirement System of The State of Kentucky bought a new stake of 112,400 shares in Gold Fields (NYSE: GFI) in Q4 valued at about $4.91 million, and other institutions also increased holdings leaving institutional ownership at 24.81%.
• Gold Fields paid a special dividend of $1.4419 (record date March 13, paid March 26), which the report cites as a 633.0% yield.
• Analysts are mixed: the stock has a consensus rating of Hold with an average price target of $49.75, though Canaccord upgraded to Buy and raised its target to $57.25 while Morgan Stanley downgraded to Underweight.

Teachers Retirement System of The State of Kentucky bought a new stake in Gold Fields Limited (NYSE:GFI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 112,400 shares of the company's stock, valued at approximately $4,907,000.

Other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans purchased a new stake in shares of Gold Fields in the third quarter valued at $4,314,000. Summit Global Investments lifted its holdings in shares of Gold Fields by 91.9% in the third quarter. Summit Global Investments now owns 46,205 shares of the company's stock valued at $1,939,000 after purchasing an additional 22,133 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Gold Fields by 1,180.0% during the third quarter. Cibc World Market Inc. now owns 159,101 shares of the company's stock worth $6,676,000 after acquiring an additional 146,671 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of Gold Fields during the third quarter worth $1,889,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Gold Fields by 49.5% during the third quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company's stock worth $5,616,000 after acquiring an additional 44,306 shares in the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

Gold Fields Price Performance

Shares of GFI opened at $45.76 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. Gold Fields Limited has a one year low of $19.35 and a one year high of $61.64. The business's 50 day simple moving average is $48.67 and its 200-day simple moving average is $46.35.

Gold Fields Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GFI shares. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday. Canaccord Genuity Group upgraded Gold Fields from a "hold" rating to a "buy" rating and raised their target price for the company from $40.25 to $57.25 in a report on Friday. Morgan Stanley lowered Gold Fields from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Gold Fields in a research report on Thursday, January 22nd. Finally, Scotiabank decreased their target price on Gold Fields from $61.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, March 20th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $49.75.

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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