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

Gold Fields (NYSE:GFI) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday.

A number of other analysts also recently weighed in on GFI. Royal Bank Of Canada dropped their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their price objective on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Scotiabank decreased their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.75.

Gold Fields Trading Up 0.0%

Gold Fields stock opened at $32.00 on Monday. The firm’s fifty day moving average price is $37.08 and its 200-day moving average price is $44.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. Gold Fields has a fifty-two week low of $23.86 and a fifty-two week high of $61.64.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GFI. Millennium Management LLC raised its stake in Gold Fields by 20.3% in the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock worth $4,230,000 after buying an additional 32,343 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after buying an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Gold Fields in the first quarter worth about $236,000. Jones Financial Companies Lllp purchased a new position in shares of Gold Fields during the first quarter valued at approximately $268,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Gold Fields by 183.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,935 shares of the company’s stock worth $69,000 after buying an additional 1,900 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

About Gold Fields

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.