CIBC Asset Management Inc Has $1.32 Million Stock Holdings in Gold Fields Limited (NYSE:GFI)

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CIBC Asset Management Inc grew its holdings in Gold Fields Limited (NYSE:GFI) by 21.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,519 shares of the company’s stock after buying an additional 24,925 shares during the quarter. CIBC Asset Management Inc’s holdings in Gold Fields were worth $1,321,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Townsquare Capital LLC increased its position in shares of Gold Fields by 2.0% during the 1st quarter. Townsquare Capital LLC now owns 61,041 shares of the company’s stock worth $473,000 after purchasing an additional 1,185 shares in the last quarter. CWM LLC increased its position in shares of Gold Fields by 8.4% during the 2nd quarter. CWM LLC now owns 15,550 shares of the company’s stock worth $146,000 after purchasing an additional 1,200 shares in the last quarter. Claro Advisors LLC increased its position in shares of Gold Fields by 9.8% during the 1st quarter. Claro Advisors LLC now owns 13,622 shares of the company’s stock worth $65,000 after purchasing an additional 1,212 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Gold Fields by 6.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 24,066 shares of the company’s stock worth $114,000 after purchasing an additional 1,370 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its position in shares of Gold Fields by 3.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 52,567 shares of the company’s stock worth $250,000 after purchasing an additional 1,691 shares in the last quarter. Institutional investors own 36.03% of the company’s stock.

A number of equities research analysts recently issued reports on GFI shares. Bank of America upgraded shares of Gold Fields from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 21st. ValuEngine raised shares of Gold Fields from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. raised shares of Gold Fields from a “neutral” rating to an “overweight” rating and set a $11.30 price objective on the stock in a report on Monday, June 22nd. Finally, Zacks Investment Research raised shares of Gold Fields from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, July 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Gold Fields has a consensus rating of “Buy” and an average price target of $11.65.

Gold Fields stock opened at $13.09 on Friday. The company’s 50 day simple moving average is $9.99 and its 200 day simple moving average is $7.47. Gold Fields Limited has a fifty-two week low of $3.79 and a fifty-two week high of $14.12. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 0.72 and a beta of 0.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.81 and a quick ratio of 0.50.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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Institutional Ownership by Quarter for Gold Fields (NYSE:GFI)

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