Zacks Research Upgrades Gold Fields (NYSE:GFI) to Hold

Gold Fields (NYSE:GFI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

GFI has been the topic of several other reports. Scotiabank lowered their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the company from $40.25 to $57.25 in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.75.

Gold Fields Stock Down 0.8%

GFI stock opened at $39.90 on Thursday. The company’s 50 day simple moving average is $44.01 and its 200-day simple moving average is $46.63. Gold Fields has a 12 month low of $22.39 and a 12 month high of $61.64. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34.

Institutional Trading of Gold Fields

A number of hedge funds have recently bought and sold shares of the company. Groupe la Francaise boosted its position in Gold Fields by 39.5% during the first quarter. Groupe la Francaise now owns 572,000 shares of the company’s stock worth $25,888,000 after acquiring an additional 162,000 shares during the last quarter. Bank of America Corp DE boosted its position in Gold Fields by 32.1% during the first quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock worth $35,039,000 after acquiring an additional 187,755 shares during the last quarter. Cim LLC boosted its position in Gold Fields by 0.9% during the first quarter. Cim LLC now owns 60,324 shares of the company’s stock worth $2,739,000 after acquiring an additional 523 shares during the last quarter. Strategic Investment Advisors MI acquired a new stake in Gold Fields during the first quarter worth approximately $118,000. Finally, EverSource Wealth Advisors LLC boosted its position in Gold Fields by 12.9% during the first quarter. EverSource Wealth Advisors LLC now owns 3,324 shares of the company’s stock worth $151,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds 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.