CAPROCK Group Inc. bought a new position in shares of Gold Fields Limited (NYSE:GFI) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 13,122 shares of the company’s stock, valued at approximately $49,000.
Other institutional investors have also modified their holdings of the company. Brookstone Capital Management bought a new position in Gold Fields during the 4th quarter worth about $39,000. Blueshift Asset Management LLC bought a new position in Gold Fields during the 4th quarter worth about $39,000. We Are One Seven LLC grew its holdings in Gold Fields by 1,011.5% during the 1st quarter. We Are One Seven LLC now owns 11,115 shares of the company’s stock worth $41,000 after acquiring an additional 10,115 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Gold Fields by 118.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,914 shares of the company’s stock worth $49,000 after acquiring an additional 7,532 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gold Fields by 59.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,200 shares of the company’s stock valued at $64,000 after buying an additional 6,800 shares in the last quarter. Institutional investors own 41.81% of the company’s stock.
GFI has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Zacks Investment Research cut shares of Gold Fields from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Morgan Stanley cut shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 31st. Finally, JPMorgan Chase & Co. cut shares of Gold Fields from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $4.10 to $4.00 in a report on Thursday, February 21st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Gold Fields has a consensus rating of “Hold” and a consensus price target of $3.75.
NYSE:GFI opened at $3.82 on Tuesday. Gold Fields Limited has a fifty-two week low of $2.20 and a fifty-two week high of $4.45. The stock has a market capitalization of $3.13 billion, a PE ratio of 54.57 and a beta of -1.06. The company has a current ratio of 1.50, a quick ratio of 0.90 and a debt-to-equity ratio of 0.74.
The company also recently declared a semiannual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.0141 dividend. This represents a dividend yield of 0.76%. The ex-dividend date was Thursday, March 14th. Gold Fields’s dividend payout ratio is currently 28.57%.
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About Gold Fields
Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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