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

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

Several other research analysts have also recently issued reports on the company. BMO Capital Markets upped their price target on Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, August 25th. Capital One Financial set a $32.00 price target on Gold Fields in a report on Friday, August 22nd. Finally, Canaccord Genuity Group started coverage on Gold Fields in a report on Monday, July 28th. They issued a “buy” rating and a $33.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.63.

Gold Fields Price Performance

NYSE GFI opened at $40.79 on Friday. The stock has a market capitalization of $36.51 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.41 and a beta of 0.47. Gold Fields has a 1 year low of $12.98 and a 1 year high of $42.74. The business’s fifty day moving average is $32.47 and its two-hundred day moving average is $26.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.89.

Institutional Trading of Gold Fields

Several large investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in Gold Fields by 84.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock valued at $131,350,000 after purchasing an additional 2,545,579 shares during the period. Invesco Ltd. raised its stake in Gold Fields by 32.9% during the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after purchasing an additional 1,217,594 shares during the period. DJE Kapital AG increased 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 acquiring an additional 742,174 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Gold Fields by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company’s stock worth $99,567,000 after acquiring an additional 45,171 shares during the last quarter. Finally, Amundi increased its stake in shares of Gold Fields by 17.8% in the first quarter. Amundi now owns 3,661,529 shares of the company’s stock worth $82,934,000 after acquiring an additional 554,160 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.