TD Asset Management Inc Decreases Stock Holdings in Gold Fields Limited $GFI

TD Asset Management Inc lowered its stake in Gold Fields Limited (NYSE:GFI) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 quarter.

A number of other large investors have also added to or reduced their stakes in GFI. Van ECK Associates Corp increased its position in Gold Fields by 1.6% during 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 acquiring an additional 539,923 shares during the last quarter. Robeco Institutional Asset Management B.V. increased 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 purchasing an additional 1,714,442 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake 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 worth $191,407,000 after purchasing an additional 1,794,124 shares during the period. American Century Companies Inc. boosted its holdings in shares of Gold Fields by 24.3% in the third quarter. American Century Companies Inc. now owns 4,136,901 shares of the company’s stock worth $173,584,000 after buying an additional 809,816 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its position in Gold Fields by 1.9% during the third quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock valued at $96,424,000 after buying an additional 41,889 shares during the period. Institutional investors own 24.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GFI shares. Weiss Ratings downgraded 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 downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Scotiabank decreased their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Finally, Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and lifted their price objective for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gold Fields currently has an average rating of “Hold” and a consensus target price of $49.75.

Gold Fields Stock Down 1.1%

Shares of Gold Fields stock opened at $35.50 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The stock’s 50-day simple moving average is $43.51 and its 200-day simple moving average is $46.48. Gold Fields Limited has a 52 week low of $22.40 and a 52 week 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.