Employees Retirement System of Texas Takes Position in Gold Fields Limited $GFI

Employees Retirement System of Texas purchased a new stake in Gold Fields Limited (NYSE:GFI) during the fourth quarter, Holdings Channel reports. The fund purchased 45,333 shares of the company’s stock, valued at approximately $1,979,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC raised its stake in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the period. Archer Investment Corp purchased a new stake in shares of Gold Fields in the 3rd quarter valued at approximately $42,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Gold Fields in the 3rd quarter valued at approximately $45,000. Bayforest Capital Ltd raised its stake in shares of Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after acquiring an additional 996 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after buying an additional 2,152 shares during the period. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Down 4.0%

Shares of GFI opened at $39.50 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a fifty-two week low of $22.39 and a fifty-two week high of $61.64. The firm’s 50 day moving average price is $44.19 and its 200 day moving average price is $46.67.

Gold Fields Dividend Announcement

The company also recently declared a special dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were issued a dividend of $1.4419 per share. This represents a yield of 633.0%. The ex-dividend date was Friday, March 13th.

Analysts Set New Price Targets

GFI has been the topic of several recent research reports. Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Scotiabank cut their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and upped their target price for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Gold Fields has a consensus rating of “Hold” and an average target price of $49.75.

Gold Fields Company 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.