Gold Fields (NYSE:GFI) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Gold Fields (NYSE:GFI) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Several other equities analysts also recently weighed in on GFI. Zacks Research downgraded Gold Fields from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Investec cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. HSBC reiterated a “hold” rating on shares of Gold Fields in a research note on Thursday, October 9th. JPMorgan Chase & Co. raised their price target on shares of Gold Fields from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada lowered their price objective on Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.13.

Gold Fields Stock Performance

Gold Fields stock opened at $45.73 on Friday. Gold Fields has a twelve month low of $14.56 and a twelve month high of $47.60. The stock’s 50 day moving average is $42.62 and its 200 day moving average is $36.49.

Institutional Investors Weigh In On Gold Fields

Hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in shares of Gold Fields in the 2nd quarter worth $26,000. Country Trust Bank bought a new position in Gold Fields in the second quarter valued at about $26,000. CIBC Private Wealth Group LLC boosted its position in 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 purchasing an additional 273 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Gold Fields by 672.1% during the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after purchasing an additional 1,351 shares during the period. Finally, Archer Investment Corp purchased a new stake in shares of Gold Fields during the 3rd quarter valued at about $42,000. 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.