Gold Fields (NYSE:GFI) Stock Rating Lowered by Wall Street Zen

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

GFI has been the topic of several other research reports. Royal Bank Of Canada cut 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. Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a report on Wednesday, October 8th. Investec lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. Citigroup boosted their target price on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Zacks Research lowered shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Gold Fields has an average rating of “Hold” and an average price target of $42.13.

Gold Fields Stock Performance

GFI stock opened at $45.73 on Friday. The company’s fifty day simple moving average is $42.62 and its 200 day simple moving average is $36.58. Gold Fields has a 12-month low of $14.56 and a 12-month high of $47.60.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Penserra Capital Management LLC bought a new position in shares of Gold Fields in the second quarter valued at $26,000. Country Trust Bank bought a new position in Gold Fields in the 2nd quarter valued at about $26,000. CIBC Private Wealth Group LLC boosted its stake in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Gold Fields by 672.1% during the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after buying an additional 1,351 shares during the last quarter. Finally, Archer Investment Corp bought a new position in shares of Gold Fields during the 3rd quarter valued at approximately $42,000. Institutional investors own 24.81% of the company’s stock.

Gold Fields Company Profile

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.