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

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

GFI has been the topic of several other research reports. Canaccord Genuity Group downgraded shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price objective on the stock. in a research note on Monday, October 13th. HSBC reissued a “hold” rating on shares of Gold Fields in a report on Thursday, October 9th. JPMorgan Chase & Co. started coverage on shares of Gold Fields in a report on Thursday, October 23rd. They set an “overweight” rating and a $62.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their target price on Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gold Fields presently has an average rating of “Moderate Buy” and a consensus price target of $41.88.

Gold Fields Stock Performance

Gold Fields stock opened at $42.89 on Friday. Gold Fields has a 1-year low of $12.98 and a 1-year high of $47.18. The firm’s fifty day simple moving average is $40.84 and its 200-day simple moving average is $32.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. DJE Kapital AG increased its position in shares of Gold Fields by 19.7% during 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 period. Paradiem LLC purchased a new position in shares of Gold Fields during the second quarter valued at $2,010,000. U S Global Investors Inc. raised its holdings in shares of Gold Fields by 53.8% in the second 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 in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Gold Fields in the second quarter worth about $1,316,000. Finally, Financial Advocates Investment Management purchased a new stake in Gold Fields in the second quarter worth about $374,000. 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.