Gold Fields (NYSE:GFI) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of Gold Fields (NYSE:GFI) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

A number of other research firms also recently issued reports on GFI. Bank of America raised Gold Fields from a neutral rating to a buy rating in a research report on Tuesday, April 21st. Zacks Investment Research cut Gold Fields from a buy rating to a hold rating in a research note on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. upgraded Gold Fields from a neutral rating to an overweight rating and set a $11.30 price objective for the company in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $9.65.

GFI opened at $9.27 on Thursday. Gold Fields has a 12-month low of $3.79 and a 12-month high of $9.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.81 and a quick ratio of 0.50. The business’s fifty day simple moving average is $8.05 and its 200-day simple moving average is $6.78.

Several hedge funds and other institutional investors have recently modified their holdings of GFI. AQR Capital Management LLC raised its stake in Gold Fields by 464.4% in the fourth quarter. AQR Capital Management LLC now owns 12,949,336 shares of the company’s stock valued at $85,466,000 after buying an additional 10,655,066 shares during the last quarter. Ruffer LLP raised its stake in Gold Fields by 76.4% in the first quarter. Ruffer LLP now owns 13,704,890 shares of the company’s stock valued at $65,167,000 after buying an additional 5,937,785 shares during the last quarter. Invesco Ltd. raised its stake in Gold Fields by 30.5% in the first quarter. Invesco Ltd. now owns 9,240,000 shares of the company’s stock valued at $43,890,000 after buying an additional 2,160,000 shares during the last quarter. Jane Street Group LLC raised its stake in Gold Fields by 2,290.2% in the first quarter. Jane Street Group LLC now owns 2,128,045 shares of the company’s stock valued at $10,108,000 after buying an additional 2,039,013 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in Gold Fields by 97.6% in the first quarter. Schroder Investment Management Group now owns 3,887,886 shares of the company’s stock valued at $22,627,000 after buying an additional 1,920,796 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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