Teachers Retirement System of The State of Kentucky Makes New Investment in Gold Fields Limited $GFI

Teachers Retirement System of The State of Kentucky bought a new position in shares of Gold Fields Limited (NYSE:GFI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 112,400 shares of the company’s stock, valued at approximately $4,907,000.

A number of other large investors have also made changes to their positions in GFI. CIBC Private Wealth Group LLC increased its position 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 buying an additional 273 shares in the last quarter. Archer Investment Corp bought a new stake in Gold Fields in the 3rd quarter valued at $42,000. Cary Street Partners Investment Advisory LLC bought a new stake in Gold Fields during the 3rd quarter worth about $45,000. Bayforest Capital Ltd lifted its position in Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after buying an additional 996 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position 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 in the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Performance

GFI stock opened at $45.76 on Monday. Gold Fields Limited has a 52-week low of $19.35 and a 52-week high of $61.64. The company has a fifty day moving average price of $48.67 and a 200-day moving average price of $46.35. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday. Zacks Research lowered shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average 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.