PKO Investment Management Joint Stock Co Has $6.96 Million Stake in Gold Fields Limited $GFI

PKO Investment Management Joint Stock Co reduced its position in Gold Fields Limited (NYSE:GFI) by 10.9% in the 2nd quarter, Holdings Channel reports. The firm owned 293,996 shares of the company’s stock after selling 36,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Gold Fields were worth $6,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in shares of Gold Fields during the 1st quarter worth about $26,000. IFP Advisors Inc raised its position in Gold Fields by 672.1% in the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after purchasing an additional 1,351 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Gold Fields during the second quarter worth about $47,000. Banque Cantonale Vaudoise acquired a new stake in Gold Fields during the first quarter valued at approximately $44,000. Finally, SVB Wealth LLC acquired a new stake in Gold Fields during the first quarter valued at approximately $48,000. Institutional investors own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GFI. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. BMO Capital Markets increased their target price on Gold Fields from $24.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. Canaccord Genuity Group cut Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 target price for the company. in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. began coverage on Gold Fields in a report on Thursday. They issued an “overweight” rating and a $62.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $38.83.

Gold Fields Price Performance

NYSE GFI opened at $40.17 on Friday. The firm has a market cap of $35.95 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.31 and a beta of 0.49. Gold Fields Limited has a one year low of $12.98 and a one year high of $47.18. The stock’s 50 day simple moving average is $38.20 and its 200 day simple moving average is $29.04.

Gold Fields Increases Dividend

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

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.