PKO Investment Management Joint Stock Co Sells 14,535 Shares of Gold Fields Limited $GFI

PKO Investment Management Joint Stock Co lessened its holdings in shares of Gold Fields Limited (NYSE:GFI) by 4.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 304,961 shares of the company’s stock after selling 14,535 shares during the quarter. Gold Fields makes up 1.2% of PKO Investment Management Joint Stock Co’s 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.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its stake in Gold Fields by 47.1% in the third 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. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Gold Fields during the third quarter worth about $45,000. Bayforest Capital Ltd raised its position in shares of Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after purchasing an additional 996 shares during the period. Arax Advisory Partners lifted its holdings in shares of Gold Fields by 352.6% during the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after purchasing an additional 885 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after purchasing an additional 2,152 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Performance

Shares of GFI stock opened at $34.63 on Tuesday. Gold Fields Limited has a 12 month low of $22.40 and a 12 month high of $61.64. The company’s fifty day simple moving average is $41.80 and its 200-day simple moving average is $46.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

Analyst Ratings Changes

GFI has been the subject of several research analyst reports. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and boosted their price objective for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. 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, Scotiabank reduced their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.75.

About Gold Fields

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.