Toronto Dominion Bank Acquires 7,294 Shares of Gold Fields Limited (NYSE:GFI)

Toronto Dominion Bank boosted its holdings in Gold Fields Limited (NYSE:GFI) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 257,294 shares of the company’s stock after acquiring an additional 7,294 shares during the period. Toronto Dominion Bank’s holdings in Gold Fields were worth $4,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GFI. First Eagle Investment Management LLC bought a new stake in Gold Fields in the 1st quarter valued at $85,326,000. Van ECK Associates Corp raised its stake in Gold Fields by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock valued at $750,667,000 after acquiring an additional 2,934,943 shares during the period. RWC Asset Advisors US LLC raised its stake in Gold Fields by 19.3% in the 4th quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock valued at $185,243,000 after acquiring an additional 2,070,427 shares during the period. Goldman Sachs Group Inc. raised its stake in Gold Fields by 145.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock valued at $16,329,000 after acquiring an additional 669,819 shares during the period. Finally, South Street Advisors LLC bought a new position in Gold Fields during the 1st quarter worth $9,260,000. Institutional investors own 26.02% of the company’s stock.

Gold Fields Trading Up 0.8 %

Shares of NYSE GFI opened at $16.32 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. Gold Fields Limited has a 52 week low of $10.31 and a 52 week high of $18.97. The stock’s fifty day moving average is $15.61 and its 200 day moving average is $15.29.

Analysts Set New Price Targets

GFI has been the topic of several recent research reports. Scotiabank lowered their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, June 14th. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $13.50 to $14.00 in a research report on Wednesday, June 26th. JPMorgan Chase & Co. lowered their price objective on Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Finally, UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.90.

Gold Fields 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.