Gold Fields Limited $GFI Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in shares of Gold Fields Limited (NYSE:GFI) by 17.7% during the first quarter, HoldingsChannel reports. The firm owned 163,436 shares of the company’s stock after selling 35,055 shares during the period. Public Employees Retirement System of Ohio’s holdings in Gold Fields were worth $7,420,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Gold Fields by 69.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after purchasing an additional 1,794,124 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Gold Fields by 39.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after purchasing an additional 1,714,442 shares in the last quarter. Man Group plc increased its stake in Gold Fields by 63.7% during the 4th quarter. Man Group plc now owns 3,650,799 shares of the company’s stock worth $159,394,000 after buying an additional 1,421,121 shares during the period. AQR Capital Management LLC increased its stake in Gold Fields by 211.0% during the 4th quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock worth $78,231,000 after buying an additional 1,215,647 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Gold Fields by 3.4% in the 4th quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock worth $1,549,227,000 after buying an additional 1,180,634 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GFI shares. Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Scotiabank cut their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the company from $40.25 to $57.25 in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Gold Fields has a consensus rating of “Hold” and a consensus price target of $47.75.

Gold Fields Trading Down 0.7%

GFI stock opened at $32.66 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The firm has a 50 day simple moving average of $35.63 and a 200-day simple moving average of $44.21. Gold Fields Limited has a twelve month low of $24.11 and a twelve month high of $61.64.

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.