Gold Fields (NYSE:GFI) Rating Increased to Strong-Buy at Zacks Research

Gold Fields (NYSE:GFI) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages have also commented on GFI. Scotiabank raised their price objective on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Investec lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. HSBC reaffirmed a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Finally, Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.00.

Gold Fields Trading Up 5.1%

Shares of GFI stock opened at $52.52 on Monday. Gold Fields has a 1-year low of $17.37 and a 1-year high of $61.64. The stock’s fifty day simple moving average is $46.90 and its 200-day simple moving average is $39.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC acquired a new stake in shares of Gold Fields in the 2nd quarter valued at $26,000. Country Trust Bank bought a new position in Gold Fields during the second quarter valued at about $26,000. CIBC Private Wealth Group LLC raised its holdings in Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after buying an additional 273 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Gold Fields by 672.1% in the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after buying an additional 1,351 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in shares of Gold Fields during the 3rd quarter worth about $42,000. Institutional investors own 24.81% of the company’s stock.

Gold Fields Company 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.