TD Asset Management Inc Raises Holdings in Gold Fields Limited (NYSE:GFI)

Key Points

• TD Asset Management Inc increased its stake in Gold Fields Limited by 6.8%, owning 303,250 shares worth approximately $6.7 million after an additional purchase of 19,372 shares.
• Research firms have recently upgraded Gold Fields, with Scotiabank raising its price target from $20 to $23, while Canaccord Genuity Group initiated coverage with a "buy" rating and a target of $33.
• Gold Fields Limited's stock currently has a consensus rating of "Moderate Buy" with an average target price of **$22.36**, reflecting significant institutional investor interest.

TD Asset Management Inc lifted its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,250 shares of the company's stock after buying an additional 19,372 shares during the period. TD Asset Management Inc's holdings in Gold Fields were worth $6,699,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GFI. Marshall Wace LLP boosted its position in Gold Fields by 1,594.7% in the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock worth $27,913,000 after purchasing an additional 1,989,849 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Gold Fields by 153.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock valued at $32,832,000 after buying an additional 900,317 shares in the last quarter. Man Group plc lifted its position in shares of Gold Fields by 119.9% during the 4th quarter. Man Group plc now owns 1,417,329 shares of the company's stock valued at $18,709,000 after buying an additional 772,928 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Gold Fields during the 4th quarter valued at about $9,033,000. Finally, PKO Investment Management Joint Stock Co purchased a new position in shares of Gold Fields during the 4th quarter valued at about $5,346,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Trading Up 5.0%

GFI stock traded up $1.23 during trading on Friday, hitting $25.59. The company had a trading volume of 3,739,693 shares, compared to its average volume of 2,475,285. The firm has a market capitalization of $22.90 billion, a P/E ratio of 10.89, a PEG ratio of 0.26 and a beta of 0.42. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $26.36. The company has a 50 day simple moving average of $24.31 and a 200-day simple moving average of $21.66.

Analyst Upgrades and Downgrades

GFI has been the topic of a number of analyst reports. Wall Street Zen cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Hsbc Global Res raised Gold Fields to a "hold" rating in a research note on Thursday, April 17th. HSBC reissued a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research note on Thursday, April 17th. Scotiabank lifted their target price on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Finally, Canaccord Genuity Group started coverage on Gold Fields in a research note on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Gold Fields has an average rating of "Moderate Buy" and an average price target of $22.36.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.