Gold Fields (NYSE:GFI) Stock Rating Upgraded by Zacks Research

Gold Fields (NYSE:GFI) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research firms also recently commented on GFI. Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 27th. Scotiabank reduced their price target on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Finally, Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and increased their price target for the company from $40.25 to $57.25 in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.75.

Gold Fields Trading Down 0.8%

Gold Fields stock opened at $39.90 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average price is $44.01 and its two-hundred day moving average price is $46.63. Gold Fields has a twelve month low of $22.39 and a twelve month high of $61.64.

Institutional Trading of Gold Fields

Hedge funds and other institutional investors have recently made changes to their positions in the business. Groupe la Francaise increased its holdings in Gold Fields by 39.5% during the first quarter. Groupe la Francaise now owns 572,000 shares of the company’s stock worth $25,888,000 after buying an additional 162,000 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Gold Fields by 32.1% in the first quarter. Bank of America Corp DE now owns 771,791 shares of the company’s stock valued at $35,039,000 after acquiring an additional 187,755 shares during the period. Cim LLC boosted its position in shares of Gold Fields by 0.9% in the first quarter. Cim LLC now owns 60,324 shares of the company’s stock valued at $2,739,000 after acquiring an additional 523 shares during the period. Strategic Investment Advisors MI bought a new stake in shares of Gold Fields in the first quarter valued at about $118,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Gold Fields by 12.9% in the first quarter. EverSource Wealth Advisors LLC now owns 3,324 shares of the company’s stock valued at $151,000 after acquiring an additional 380 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

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.