CIBC Asset Management Inc Acquires 16,933 Shares of Gold Fields Limited $GFI

CIBC Asset Management Inc boosted its holdings in Gold Fields Limited (NYSE:GFI) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 125,042 shares of the company’s stock after purchasing an additional 16,933 shares during the quarter. CIBC Asset Management Inc’s holdings in Gold Fields were worth $5,459,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its holdings in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Gold Fields during the third quarter valued at approximately $45,000. Bayforest Capital Ltd increased its holdings in shares of Gold Fields by 1,106.7% during the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after acquiring an additional 996 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after acquiring an additional 2,152 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Gold Fields by 606.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,664 shares of the company’s stock valued at $61,000 after acquiring an additional 2,287 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $36.52 on Friday. Gold Fields Limited has a one year low of $22.40 and a one year high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average price is $43.74 and its 200-day moving average price is $46.49.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GFI shares. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and boosted their price objective for the company from $40.25 to $57.25 in a report on Friday, April 24th. Wall Street Zen downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Scotiabank decreased their price target on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.75.

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.