Gold Fields (NYSE:GFI) Raised to “Strong-Buy” at Zacks Research

Gold Fields (NYSE:GFI) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on GFI. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. HSBC reiterated a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Capital One Financial set a $32.00 target price on Gold Fields in a research report on Friday, August 22nd. Citigroup initiated coverage on shares of Gold Fields in a research report on Tuesday, October 28th. They set a “buy” rating and a $50.00 price target for the company. Finally, BMO Capital Markets increased their price objective on shares of Gold Fields from $24.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.43.

Gold Fields Stock Up 6.9%

Shares of NYSE GFI opened at $38.13 on Tuesday. The firm’s 50-day moving average price is $39.28 and its 200-day moving average price is $29.95. Gold Fields has a 52-week low of $12.98 and a 52-week high of $47.18.

Hedge Funds Weigh In On Gold Fields

Several large investors have recently made changes to their positions in GFI. Arrowstreet Capital Limited Partnership grew its position in shares of Gold Fields by 84.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after purchasing an additional 2,545,579 shares in the last quarter. Invesco Ltd. raised its position in shares of Gold Fields by 32.9% during the second quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock valued at $116,443,000 after buying an additional 1,217,594 shares during the last quarter. DJE Kapital AG lifted its holdings 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 buying an additional 742,174 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Gold Fields by 1.0% during 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, Robeco Institutional Asset Management B.V. grew its stake in Gold Fields by 32.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after acquiring an additional 1,062,242 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

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.