TD Waterhouse Canada Inc. Sells 132,212 Shares of Gold Fields Limited $GFI

Key Points

• TD Waterhouse Canada slashed its position in Gold Fields by 98.8% in Q4, selling 132,212 shares and leaving just 1,640 shares valued at about $72,000.
• Gold Fields paid a special dividend of $1.4419 (record date Mar 13, paid Mar 26), which the article reports as representing a 633.0% yield.
• Analysts are mixed—five Buy, five Hold and one Sell—giving a consensus rating of Hold with a target price of $49.75, though some firms (Canaccord, JPMorgan) recently raised ratings and price targets.

TD Waterhouse Canada Inc. decreased its holdings in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 98.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,640 shares of the company's stock after selling 132,212 shares during the period. TD Waterhouse Canada Inc.'s holdings in Gold Fields were worth $72,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GFI. Thrivent Financial for Lutherans acquired a new position in shares of Gold Fields in the 3rd quarter valued at $4,314,000. Summit Global Investments grew its holdings in shares of Gold Fields by 91.9% in the 3rd quarter. Summit Global Investments now owns 46,205 shares of the company's stock valued at $1,939,000 after buying an additional 22,133 shares during the period. Cibc World Market Inc. grew its holdings in shares of Gold Fields by 1,180.0% in the 3rd quarter. Cibc World Market Inc. now owns 159,101 shares of the company's stock valued at $6,676,000 after buying an additional 146,671 shares during the period. AdvisorShares Investments LLC acquired a new position in shares of Gold Fields in the 3rd quarter valued at $1,889,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Gold Fields by 32.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company's stock valued at $183,416,000 after buying an additional 1,062,242 shares during the period. Institutional investors own 24.81% of the company's stock.

Wall Street Analyst Weigh In

GFI has been the subject of several research analyst reports. Morgan Stanley lowered shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a report on Friday, January 23rd. Zacks Research lowered shares of Gold Fields from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 31st. Wall Street Zen lowered shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Monday. Canaccord Genuity Group raised shares of Gold Fields from a "hold" rating to a "buy" rating and boosted their price target for the company from $40.25 to $57.25 in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Gold Fields from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $49.75.

Gold Fields Stock Down 1.8%

Shares of NYSE GFI opened at $44.93 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. Gold Fields Limited has a 1-year low of $19.35 and a 1-year high of $61.64. The company has a fifty day moving average price of $48.47 and a 200 day moving average price of $46.38.

Gold Fields Dividend Announcement

The business also recently announced a special dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were paid a $1.4419 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a yield of 633.0%.

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.

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