Oakmont Investment Advisors Inc. Buys Shares of 27,156 Gold Fields Limited $GFI

Oakmont Investment Advisors Inc. purchased a new position in shares of Gold Fields Limited (NYSE:GFI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,156 shares of the company’s stock, valued at approximately $912,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Gold Fields in the first quarter valued at $25,000. CIBC Private Wealth Group LLC lifted its stake in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in 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 acquiring an additional 2,152 shares during the period. Arax Advisory Partners boosted its holdings in 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 acquiring an additional 885 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Gold Fields by 606.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock valued at $61,000 after acquiring an additional 2,287 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GFI has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Royal Bank Of Canada dropped their price objective on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Wall Street Zen downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Gold Fields in a research report on Monday. Finally, Zacks Research downgraded shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.05.

Gold Fields Trading Down 1.6%

GFI stock opened at $47.41 on Friday. The business’s 50-day moving average is $38.10 and its two-hundred day moving average is $42.22. The company has a quick ratio of 1.33, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. Gold Fields Limited has a 1 year low of $31.11 and a 1 year high of $61.64.

Gold Fields Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be issued a $1.0144 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a yield of 421.0%.

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.