Wall Street Zen Upgrades Gold Fields (NYSE:GFI) to “Buy”

Gold Fields (NYSE:GFI) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

A number of other research firms also recently issued reports on GFI. Weiss Ratings downgraded Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. dropped their price target on Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Royal Bank Of Canada cut their price target on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.25 to $57.25 in a report on Friday, April 24th. Finally, Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $47.75.

Gold Fields Trading Up 3.4%

Shares of GFI stock opened at $32.30 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The company has a 50 day moving average of $36.52 and a 200-day moving average of $44.64. Gold Fields has a 12-month low of $23.86 and a 12-month high of $61.64.

Institutional Trading of Gold Fields

A number of large investors have recently modified their holdings of GFI. V Square Quantitative Management LLC purchased a new position in shares of Gold Fields during the first quarter worth about $25,000. CIBC Private Wealth Group LLC raised its stake in Gold Fields by 47.1% in the third 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. Bayforest Capital Ltd raised its stake in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares in the last quarter. Arax Advisory Partners lifted its position in Gold Fields by 352.6% during the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after purchasing an additional 885 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its position in Gold Fields by 24.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after purchasing an additional 300 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.