CIBC Asset Management Inc Has $5.46 Million Stock Holdings in Gold Fields Limited $GFI

CIBC Asset Management Inc increased its stake in Gold Fields Limited (NYSE:GFI) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,042 shares of the company’s stock after acquiring 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 reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 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 acquiring an additional 251 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Gold Fields by 0.5% in the fourth quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock worth $2,201,000 after acquiring an additional 265 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Gold Fields by 47.1% in the third 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 period. Bridgewater Advisors Inc. lifted its stake in shares of Gold Fields by 1.6% in the third 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 period. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Gold Fields by 0.6% in 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 during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Gold Fields Price Performance

Shares of GFI stock opened at $36.52 on Friday. The stock has a 50 day simple moving average of $43.74 and a two-hundred day simple moving average of $46.49. 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 Limited has a fifty-two week low of $22.40 and a fifty-two week high of $61.64.

About Gold Fields

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.