Gold Fields (NYSE:GFI) Cut to Buy at Wall Street Zen

Gold Fields (NYSE:GFI) was downgraded by equities research 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.

A number of other equities analysts also recently issued reports on GFI. JPMorgan Chase & Co. upped their price target on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Citigroup upped their target price on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Zacks Research cut Gold Fields from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, HSBC restated a “hold” rating on shares of Gold Fields in a research note on Thursday, October 9th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Price Performance

GFI opened at $50.08 on Friday. Gold Fields has a 12 month low of $16.91 and a 12 month high of $61.64. The stock has a fifty day moving average price of $46.49 and a 200-day moving average price of $39.38.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors have recently added to or reduced their stakes in GFI. DJE Kapital AG lifted its stake in shares of Gold Fields by 19.7% in the second quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after buying an additional 742,174 shares in the last quarter. Summit Global Investments grew its stake in Gold Fields by 91.9% during the 3rd quarter. Summit Global Investments now owns 46,205 shares of the company’s stock valued at $1,939,000 after acquiring an additional 22,133 shares in the last quarter. U S Global Investors Inc. raised its holdings in Gold Fields by 53.8% in the 2nd quarter. U S Global Investors Inc. now owns 100,000 shares of the company’s stock valued at $2,367,000 after acquiring an additional 35,000 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Gold Fields by 32.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock worth $183,416,000 after purchasing an additional 1,062,242 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Gold Fields by 1,244.8% in the 2nd quarter. Osaic Holdings Inc. now owns 248,918 shares of the company’s stock worth $5,620,000 after purchasing an additional 230,408 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

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.