Gold Fields (NYSE:GFI) Downgraded by Wall Street Zen to “Buy”

Gold Fields (NYSE:GFI) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

GFI has been the topic of several other reports. Citigroup boosted their price target on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Wednesday, October 8th. Scotiabank boosted their target price on Gold Fields from $30.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. HSBC restated a “hold” rating on shares of Gold Fields in a research note on Thursday, October 9th. Finally, Canaccord Genuity Group cut Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research note on Monday, October 13th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.13.

Gold Fields Stock Up 0.4%

Gold Fields stock opened at $45.73 on Friday. The company has a fifty day simple moving average of $42.62 and a 200-day simple moving average of $36.40. Gold Fields has a 12-month low of $14.56 and a 12-month high of $47.60.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of Gold Fields by 84.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after acquiring an additional 2,545,579 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Gold Fields by 122.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company’s stock valued at $78,323,000 after purchasing an additional 1,822,689 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Gold Fields in the first quarter valued at $30,914,000. Invesco Ltd. increased its position in shares of Gold Fields by 32.9% in the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after buying an additional 1,217,594 shares in the last quarter. Finally, Man Group plc raised its stake in shares of Gold Fields by 59.9% during the 3rd quarter. Man Group plc now owns 2,229,678 shares of the company’s stock worth $93,557,000 after buying an additional 835,581 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

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.