Gold Fields (NYSE:GFI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a research report report published on Saturday.

A number of other research analysts have also commented on the company. Royal Bank Of Canada cut their target price on Gold Fields to $45.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Scotiabank increased their price objective on shares of Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. Finally, Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.00.

Gold Fields Stock Up 5.1%

Gold Fields stock opened at $56.83 on Friday. The business has a 50 day moving average price of $50.03 and a two-hundred day moving average price of $42.68. Gold Fields has a 12 month low of $17.64 and a 12 month high of $61.64.

Hedge Funds Weigh In On Gold Fields

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of Gold Fields during the second quarter worth approximately $26,000. Country Trust Bank bought a new stake in Gold Fields during the 2nd quarter worth approximately $26,000. CIBC Private Wealth Group LLC increased its holdings 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 in the last quarter. Archer Investment Corp acquired a new stake in Gold Fields during the 3rd quarter valued at $42,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in Gold Fields in the 3rd quarter valued at $45,000. 24.81% of the stock is currently owned by institutional investors and hedge funds.

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.