Zacks Investment Research upgraded shares of Gold Fields (NYSE:GFI) from a hold rating to a buy rating in a report issued on Tuesday morning. They currently have $4.75 target price on the stock.
According to Zacks, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. “
Separately, Deutsche Bank raised shares of Gold Fields from a hold rating to a buy rating in a research report on Thursday, November 30th.
Several institutional investors have recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI increased its stake in shares of Gold Fields by 44.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 597,948 shares of the company’s stock worth $2,577,000 after purchasing an additional 185,196 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gold Fields by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 36,205,793 shares of the company’s stock worth $156,047,000 after purchasing an additional 1,577,860 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Gold Fields by 2,762.9% during the 3rd quarter. Wells Fargo & Company MN now owns 446,963 shares of the company’s stock worth $1,926,000 after purchasing an additional 431,351 shares during the last quarter. Majedie Asset Management Ltd increased its stake in shares of Gold Fields by 15.6% during the 3rd quarter. Majedie Asset Management Ltd now owns 26,795,190 shares of the company’s stock worth $115,487,000 after purchasing an additional 3,612,155 shares during the last quarter. Finally, Timber Hill LLC acquired a new position in shares of Gold Fields during the 3rd quarter worth about $148,000. Institutional investors own 33.73% of the company’s stock.
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Gold Fields Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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