Employees Retirement System of Texas Takes $1.98 Million Position in Gold Fields Limited $GFI

Employees Retirement System of Texas purchased a new position in shares of Gold Fields Limited (NYSE:GFI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in Gold Fields during the third quarter worth about $4,314,000. Summit Global Investments boosted its position in Gold Fields by 91.9% during the third quarter. Summit Global Investments now owns 46,205 shares of the company’s stock worth $1,939,000 after acquiring an additional 22,133 shares during the last quarter. Cibc World Market Inc. boosted its position in 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 during the last quarter. AdvisorShares Investments LLC acquired a new position in Gold Fields during the third quarter worth about $1,889,000. Finally, TD Waterhouse Canada Inc. boosted its position in 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 during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on GFI. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Scotiabank lowered their price target on shares of 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. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $49.75.

Gold Fields Stock Down 4.0%

NYSE:GFI opened at $39.50 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average is $44.19 and its two-hundred day moving average is $46.67. Gold Fields Limited has a 1-year low of $22.39 and a 1-year high of $61.64.

Gold Fields Announces Dividend

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

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.