Gold Fields (NYSE:GFI) Upgraded at Zacks Research

Zacks Research upgraded shares of Gold Fields (NYSE:GFI) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Several other brokerages have also recently weighed in on GFI. Canaccord Genuity Group cut Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 target price on the stock. in a report on Monday, October 13th. HSBC restated a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Royal Bank Of Canada decreased their target price on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Gold Fields Stock Up 0.4%

Shares of GFI opened at $52.68 on Monday. Gold Fields has a 52-week low of $17.64 and a 52-week high of $61.64. The firm’s fifty day moving average is $47.09 and its two-hundred day moving average is $40.07.

Institutional Trading of Gold Fields

A number of institutional investors and hedge funds have recently bought and sold shares of the business. World Investment Advisors grew its stake in shares of Gold Fields by 65.0% in the fourth quarter. World Investment Advisors now owns 16,056 shares of the company’s stock worth $691,000 after acquiring an additional 6,325 shares in the last quarter. Ethic Inc. boosted its holdings in Gold Fields by 18.2% in the fourth quarter. Ethic Inc. now owns 8,302 shares of the company’s stock valued at $362,000 after purchasing an additional 1,279 shares during the period. Diversify Wealth Management LLC grew its stake in Gold Fields by 8.4% during the 4th quarter. Diversify Wealth Management LLC now owns 58,183 shares of the company’s stock worth $2,540,000 after purchasing an additional 4,520 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Gold Fields by 1.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 24,830 shares of the company’s stock worth $1,084,000 after purchasing an additional 358 shares during the period. Finally, PKO Investment Management Joint Stock Co increased its holdings in Gold Fields by 11.9% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock worth $13,949,000 after purchasing an additional 34,000 shares during the period. 24.81% of the stock is currently 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.