Gold Fields (NYSE:GFI) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Gold Fields (NYSE:GFI) from a buy rating to a hold rating in a report published on Saturday morning.

Several other research analysts have also issued reports on GFI. JPMorgan Chase & Co. cut their target price on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Scotiabank lowered their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Royal Bank Of Canada dropped 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. Zacks Research lowered Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $54.05.

Gold Fields Trading Down 4.1%

Shares of NYSE:GFI opened at $46.04 on Friday. The company’s fifty day moving average price is $36.80 and its 200-day moving average price is $42.53. Gold Fields has a one year low of $31.11 and a one year high of $61.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.33.

Gold Fields Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be issued a $1.0144 dividend. This represents a dividend yield of 421.0%. The ex-dividend date is Friday, September 11th.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in Gold Fields in the 1st quarter worth $25,000. CIBC Private Wealth Group LLC lifted 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 worth $36,000 after purchasing an additional 273 shares during the last quarter. Arax Advisory Partners boosted 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 buying an additional 885 shares during the period. Mark Sheptoff Financial Planning LLC boosted 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 buying an additional 300 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Gold Fields by 1,604.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company’s stock valued at $92,000 after buying an additional 1,973 shares during the last quarter. Hedge funds and other institutional investors 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.