Gold Fields (NYSE:GFI) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

A number of other equities analysts have also recently weighed in on the stock. Bank of America started coverage on shares of Gold Fields in a research report on Monday, September 16th. They set a buy rating and a $16.00 price objective for the company. BMO Capital Markets upgraded Gold Fields from an underperform rating to a market perform rating and boosted their price objective for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. JPMorgan Chase & Co. decreased their target price on Gold Fields from $17.50 to $16.70 and set a neutral rating on the stock in a research note on Wednesday, July 3rd. Finally, Scotiabank dropped their target price on Gold Fields from $18.00 to $17.00 and set a sector perform rating for the company in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $15.93.

Gold Fields Stock Up 0.5 %

Shares of GFI opened at $16.24 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77. The company’s 50-day moving average price is $15.30 and its 200 day moving average price is $15.76. Gold Fields has a 12-month low of $10.31 and a 12-month high of $18.97.

Gold Fields Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFI. Artisan Partners Limited Partnership acquired a new position in shares of Gold Fields during the 4th quarter worth about $7,889,000. Parallel Advisors LLC boosted its holdings in shares of Gold Fields by 51.7% in the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after buying an additional 1,662 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Gold Fields in the 4th quarter valued at $875,000. Schroder Investment Management Group grew its position in shares of Gold Fields by 4.5% in the 4th quarter. Schroder Investment Management Group now owns 3,240,748 shares of the company’s stock valued at $46,861,000 after buying an additional 139,205 shares during the last quarter. Finally, Seven Eight Capital LP raised its stake in Gold Fields by 1,916.6% during the 4th quarter. Seven Eight Capital LP now owns 305,702 shares of the company’s stock worth $4,420,000 after acquiring an additional 290,543 shares in the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

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.