Gold Fields (NYSE:GFI) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Gold Fields (NYSE:GFI) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

GFI has been the topic of several other research reports. Zacks Research cut Gold Fields from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Royal Bank Of Canada decreased their target price on Gold Fields to $45.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. HSBC reaffirmed a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Citigroup increased their price target on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Investec cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Gold Fields has a consensus rating of “Hold” and a consensus target price of $42.13.

Gold Fields Trading Up 6.0%

NYSE GFI opened at $48.45 on Friday. Gold Fields has a 12 month low of $14.56 and a 12 month high of $49.60. The company’s 50 day simple moving average is $42.83 and its 200 day simple moving average is $36.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DJE Kapital AG increased its position in Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after buying an additional 742,174 shares during the period. Paradiem LLC bought a new stake in shares of Gold Fields in the second quarter valued at approximately $2,010,000. U S Global Investors Inc. grew its stake in shares of Gold Fields by 53.8% in the second quarter. U S Global Investors Inc. now owns 100,000 shares of the company’s stock worth $2,367,000 after acquiring an additional 35,000 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Gold Fields by 32.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock worth $183,416,000 after acquiring an additional 1,062,242 shares during the period. Finally, Financial Advocates Investment Management acquired a new position in Gold Fields during the 2nd quarter valued at $374,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

About Gold Fields

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.