TD Waterhouse Canada Inc. Raises Stock Holdings in Gold Fields Limited $GFI

TD Waterhouse Canada Inc. raised its stake in Gold Fields Limited (NYSE:GFI) by 49.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 133,852 shares of the company’s stock after buying an additional 44,306 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Gold Fields were worth $5,616,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of Gold Fields in the 2nd quarter valued at about $26,000. Country Trust Bank purchased a new stake in Gold Fields during the second quarter valued at approximately $26,000. IFP Advisors Inc boosted its stake in Gold Fields by 672.1% in the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after acquiring an additional 1,351 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Gold Fields in the second quarter worth $47,000. Finally, Allworth Financial LP grew its holdings in Gold Fields by 31.8% in the second quarter. Allworth Financial LP now owns 2,007 shares of the company’s stock worth $48,000 after purchasing an additional 484 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on GFI shares. Citigroup increased their price objective on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Canaccord Genuity Group lowered Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a research note on Monday, October 13th. Scotiabank increased their price objective on shares of Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $50.08 on Friday. Gold Fields Limited has a 52-week low of $16.91 and a 52-week high of $61.64. The business has a 50-day moving average price of $46.49 and a 200-day moving average price of $39.38.

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.