Todd Asset Management LLC Takes $4.94 Million Position in Gold Fields Limited $GFI

Todd Asset Management LLC bought a new position in Gold Fields Limited (NYSE:GFI) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 113,185 shares of the company’s stock, valued at approximately $4,942,000.

Several other hedge funds have also added to or reduced their stakes in GFI. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Gold Fields by 1.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock valued at $786,000 after buying an additional 251 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in Gold Fields by 0.5% during the 4th quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock valued at $2,201,000 after acquiring an additional 265 shares during the period. CIBC Private Wealth Group LLC grew its position in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the last quarter. Bridgewater Advisors Inc. grew its position in Gold Fields by 1.6% during the 3rd quarter. Bridgewater Advisors Inc. now owns 20,692 shares of the company’s stock worth $868,000 after acquiring an additional 317 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Gold Fields by 0.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 55,520 shares of the company’s stock worth $2,424,000 after purchasing an additional 320 shares during the period. 24.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on GFI shares. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 27th. Scotiabank lowered their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Finally, Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Gold Fields currently has an average rating of “Hold” and a consensus price target of $49.75.

Gold Fields Trading Down 0.1%

Shares of GFI stock opened at $39.47 on Tuesday. The stock has a fifty day moving average of $44.43 and a 200 day moving average of $46.64. Gold Fields Limited has a 52 week low of $21.80 and a 52 week 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.

Gold Fields Dividend Announcement

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

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.