PKO Investment Management Joint Stock Co Has $13.85 Million Holdings in Gold Fields Limited $GFI

PKO Investment Management Joint Stock Co cut its stake in Gold Fields Limited (NYSE:GFI) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 304,961 shares of the company’s stock after selling 14,535 shares during the period. Gold Fields accounts for about 1.2% of PKO Investment Management Joint Stock Co’s investment portfolio, making the stock its 21st biggest position. PKO Investment Management Joint Stock Co’s holdings in Gold Fields were worth $13,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in Gold Fields by 43.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock valued at $10,698,000 after buying an additional 74,539 shares during the last quarter. Dorsey Wright & Associates bought a new stake in shares of Gold Fields during the third quarter worth $2,758,000. American Century Companies Inc. raised its position in shares of Gold Fields by 24.3% during the third quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock worth $173,584,000 after acquiring an additional 809,816 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Gold Fields by 1.6% during the third quarter. Van ECK Associates Corp now owns 34,303,269 shares of the company’s stock valued at $1,439,365,000 after acquiring an additional 539,923 shares during the period. Finally, Causeway Capital Management LLC lifted its stake in shares of Gold Fields by 14.0% during the third quarter. Causeway Capital Management LLC now owns 1,543,015 shares of the company’s stock valued at $64,745,000 after acquiring an additional 189,362 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Down 10.3%

Shares of GFI stock opened at $34.63 on Tuesday. The stock has a 50-day moving average of $41.80 and a 200-day moving average of $46.23. 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 one year low of $22.40 and a one year high of $61.64.

Analysts Set New Price Targets

GFI has been the topic of several recent research reports. Scotiabank decreased their price target on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, March 20th. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and lifted their price target for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus 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.