Gold Fields (NYSE:GFI) was upgraded by HSBC from a “reduce” rating to a “hold” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports.
Several other equities analysts also recently commented on the company. Zacks Investment Research upgraded Gold Fields from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Tuesday, January 9th. Deutsche Bank upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th.
Gold Fields (GFI) traded down $0.06 during trading hours on Friday, reaching $4.15. The company had a trading volume of 2,083,760 shares, compared to its average volume of 4,210,000. The firm has a market capitalization of $3,500.00, a price-to-earnings ratio of 31.92, a PEG ratio of 2.00 and a beta of -1.09. Gold Fields has a fifty-two week low of $2.86 and a fifty-two week high of $4.70.
Institutional investors have recently bought and sold shares of the business. U S Global Investors Inc. raised its position in Gold Fields by 74.3% in the second quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock valued at $104,000 after purchasing an additional 11,148 shares during the last quarter. Timber Hill LLC bought a new position in Gold Fields in the third quarter valued at about $148,000. Lazard Asset Management LLC bought a new position in Gold Fields in the second quarter valued at about $393,000. Cubist Systematic Strategies LLC raised its position in Gold Fields by 1,062.0% in the second quarter. Cubist Systematic Strategies LLC now owns 210,688 shares of the company’s stock valued at $733,000 after purchasing an additional 192,557 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Gold Fields by 37.4% in the third quarter. Russell Investments Group Ltd. now owns 213,104 shares of the company’s stock valued at $918,000 after purchasing an additional 57,963 shares during the last quarter. Hedge funds and other institutional investors own 33.73% of the company’s stock.
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.