Gold Fields (NYSE:GFI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gold Fields (NYSE:GFI) from a hold rating to a buy rating in a research report released on Monday.

A number of other equities analysts also recently issued reports on GFI. Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Zacks Research upgraded shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Royal Bank Of Canada dropped their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Scotiabank reduced their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Five research 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’s stock. Based on data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and an average price target of $47.75.

Gold Fields Trading Up 4.0%

Gold Fields stock opened at $33.59 on Monday. Gold Fields has a one year low of $23.86 and a one year high of $61.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The business has a fifty day moving average of $36.30 and a two-hundred day moving average of $44.57.

Institutional Investors Weigh In On Gold Fields

Several institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Gold Fields by 4.5% in the 1st quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock worth $225,000 after buying an additional 215 shares during the last quarter. Manning & Napier Advisors LLC increased its stake in shares of Gold Fields by 0.3% during the 1st quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock valued at $3,617,000 after acquiring an additional 241 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Gold Fields by 1.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock valued at $786,000 after acquiring an additional 251 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Gold Fields by 3.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company’s stock valued at $338,000 after acquiring an additional 269 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Gold Fields by 47.1% during the 3rd 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. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

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.