Toronto Dominion Bank Has $3.73 Million Position in Gold Fields Limited (NYSE:GFI)

Toronto Dominion Bank cut its position in shares of Gold Fields Limited (NYSE:GFI) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,000 shares of the company’s stock after selling 7,294 shares during the period. Toronto Dominion Bank’s holdings in Gold Fields were worth $3,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GFI. GAMMA Investing LLC boosted its holdings in Gold Fields by 78.4% in the 1st quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock valued at $49,000 after purchasing an additional 1,361 shares during the period. Parallel Advisors LLC boosted its stake in Gold Fields by 51.7% during the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after acquiring an additional 1,662 shares in the last quarter. LGT Fund Management Co Ltd. bought a new position in shares of Gold Fields in the second quarter valued at $149,000. Concurrent Investment Advisors LLC bought a new position in shares of Gold Fields during the second quarter valued at about $153,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Gold Fields by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after buying an additional 1,090 shares during the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

Wall Street Analysts Forecast Growth

GFI has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Scotiabank cut their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Bank of America began coverage on Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 target price for the company. BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $13.50 to $14.00 in a research report on Wednesday, June 26th. Finally, StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Gold Fields currently has an average rating of “Hold” and an average target price of $15.93.

Gold Fields Trading Up 0.5 %

Shares of NYSE:GFI opened at $16.24 on Monday. The business has a 50-day moving average price of $15.30 and a 200-day moving average price of $15.76. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.56 and a beta of 1.17. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33. Gold Fields Limited has a 52-week low of $10.31 and a 52-week high of $18.97.

Gold Fields Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a dividend of $0.1692 per share. This represents a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th. Gold Fields’s dividend payout ratio is currently 14.84%.

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.