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

Todd Asset Management LLC purchased a new stake in shares of Gold Fields Limited (NYSE:GFI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 113,185 shares of the company’s stock, valued at approximately $4,942,000.

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

Gold Fields Price Performance

Shares of GFI opened at $39.47 on Tuesday. The business’s fifty day simple moving average is $44.43 and its two-hundred day simple moving average is $46.64. Gold Fields Limited has a 12 month low of $21.80 and a 12 month high of $61.64. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Gold Fields Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were issued a $1.4419 dividend. This represents a yield of 633.0%. The ex-dividend date was Friday, March 13th.

Analyst Ratings Changes

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