TD Asset Management Inc Cuts Position in Gold Fields Limited $GFI

TD Asset Management Inc decreased its position in Gold Fields Limited (NYSE:GFI) by 18.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 228,257 shares of the company’s stock after selling 53,151 shares during the quarter. TD Asset Management Inc’s holdings in Gold Fields were worth $9,966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Gold Fields by 1.6% in 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 purchasing an additional 539,923 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of 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 buying an additional 1,714,442 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Gold Fields by 69.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock valued at $191,407,000 after acquiring an additional 1,794,124 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Gold Fields by 24.3% in the 3rd quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock valued at $173,584,000 after acquiring an additional 809,816 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its position in Gold Fields by 1.9% in the third quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock worth $96,424,000 after acquiring an additional 41,889 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $35.50 on Wednesday. Gold Fields Limited has a 1 year low of $22.40 and a 1 year high of $61.64. The firm has a 50-day simple moving average of $43.51 and a two-hundred day simple moving average of $46.48. 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

Several equities research analysts have weighed in on the company. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Scotiabank cut their target price on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and raised their price target for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.75.

Gold Fields 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.