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

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

GFI has been the topic of several other reports. Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Scotiabank raised their target price on shares of Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Royal Bank Of Canada lowered their price target on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Gold Fields has an average rating of “Hold” and a consensus target price of $44.00.

Gold Fields Stock Up 2.5%

NYSE:GFI opened at $54.16 on Friday. Gold Fields has a twelve month low of $17.64 and a twelve month high of $61.64. The stock’s 50-day simple moving average is $49.77 and its 200 day simple moving average is $42.33.

Institutional Trading of Gold Fields

Several institutional investors have recently modified their holdings of GFI. Thrivent Financial for Lutherans acquired a new position in shares of Gold Fields in the third quarter worth approximately $4,314,000. Summit Global Investments raised its holdings in Gold Fields by 91.9% during the 3rd quarter. Summit Global Investments now owns 46,205 shares of the company’s stock worth $1,939,000 after purchasing an additional 22,133 shares during the last quarter. AdvisorShares Investments LLC bought a new position in Gold Fields during the 3rd quarter worth approximately $1,889,000. DJE Kapital AG lifted its position in shares of 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 during the period. Finally, Cibc World Market Inc. boosted its stake in shares of Gold Fields by 1,180.0% in the 3rd quarter. Cibc World Market Inc. now owns 159,101 shares of the company’s stock valued at $6,676,000 after purchasing an additional 146,671 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

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.