TD Asset Management Inc grew its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 6.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 303,250 shares of the company's stock after acquiring 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 quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Richardson Financial Services Inc. purchased a new position in Gold Fields in the first quarter worth $26,000. GAMMA Investing LLC grew its holdings in Gold Fields by 21.0% in the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares during the last quarter. Blue Trust Inc. grew its holdings in Gold Fields by 67.1% in the first quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock worth $90,000 after purchasing an additional 1,627 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Gold Fields in the fourth quarter worth $139,000. Finally, Parallel Advisors LLC grew its holdings in Gold Fields by 24.1% in the first quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock worth $148,000 after purchasing an additional 1,298 shares during the last quarter. Institutional investors own 24.81% of the company's stock.
Gold Fields Trading Up 9.2%
Shares of NYSE:GFI traded up $2.35 during mid-day trading on Monday, reaching $27.94. 3,802,092 shares of the company were exchanged, compared to its average volume of 3,408,061. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73. The firm has a market cap of $25.01 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 0.28 and a beta of 0.42. The firm's 50-day simple moving average is $24.31 and its 200 day simple moving average is $21.75. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $27.99.
Wall Street Analysts Forecast Growth
GFI has been the topic of several analyst reports. Scotiabank lifted their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Canaccord Genuity Group started coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 price target on the stock. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. HSBC reiterated a "hold" rating and issued a $21.00 price objective on shares of Gold Fields in a research report on Thursday, April 17th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.36.
Check Out Our Latest Stock Analysis on GFI
Gold Fields Company Profile
(
Free Report)
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.
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