Gold Fields (NYSE:GFI) Upgraded to Strong-Buy at Wall Street Zen

Gold Fields (NYSE:GFI) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other brokerages also recently weighed in on GFI. Royal Bank Of Canada lowered their target price on Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Citigroup increased their target price on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Price Performance

GFI stock opened at $54.16 on Friday. The stock has a 50-day moving average price of $49.77 and a 200-day moving average price of $42.33. Gold Fields has a 1-year low of $17.64 and a 1-year high of $61.64.

Institutional Trading of Gold Fields

Several hedge funds have recently bought and sold shares of GFI. Thrivent Financial for Lutherans bought a new position in shares of Gold Fields in the third quarter valued at $4,314,000. Summit Global Investments raised 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 purchasing an additional 22,133 shares during the period. AdvisorShares Investments LLC purchased a new position in shares of Gold Fields in the third quarter worth $1,889,000. DJE Kapital AG lifted its stake in Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after purchasing an additional 742,174 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of Gold Fields by 1,180.0% in the third quarter. Cibc World Market Inc. now owns 159,101 shares of the company’s stock worth $6,676,000 after buying an additional 146,671 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.