Zacks Investment Research upgraded shares of Gold Fields (NYSE:GFI) from a hold rating to a buy rating in a research report released on Tuesday, January 9th. Zacks Investment Research currently has $4.75 target price on the stock.
According to Zacks, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. “
Separately, Deutsche Bank raised Gold Fields from a hold rating to a buy rating in a research report on Thursday, November 30th.
A number of institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Gold Fields by 45.1% during the 2nd quarter. Van ECK Associates Corp now owns 83,505,034 shares of the company’s stock valued at $290,598,000 after acquiring an additional 25,935,929 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Gold Fields by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 36,205,793 shares of the company’s stock worth $156,047,000 after purchasing an additional 1,577,860 shares during the period. Majedie Asset Management Ltd increased its holdings in shares of Gold Fields by 15.6% in the third quarter. Majedie Asset Management Ltd now owns 26,795,190 shares of the company’s stock worth $115,487,000 after purchasing an additional 3,612,155 shares during the period. BT Investment Management Ltd increased its holdings in shares of Gold Fields by 66.0% in the third quarter. BT Investment Management Ltd now owns 3,123,622 shares of the company’s stock worth $13,463,000 after purchasing an additional 1,242,290 shares during the period. Finally, Alps Advisors Inc. increased its holdings in shares of Gold Fields by 14.0% in the third quarter. Alps Advisors Inc. now owns 1,021,556 shares of the company’s stock worth $4,403,000 after purchasing an additional 125,765 shares during the period. Institutional investors and hedge funds own 33.73% of the company’s stock.
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Gold Fields Company Profile
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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