Gold Fields (NYSE:GFI) Downgraded to “Hold” Rating by Zacks Research

Gold Fields (NYSE:GFI) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Wall Street Zen lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. HSBC reissued a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a report on Wednesday, October 8th. Royal Bank Of Canada lowered their price objective on Gold Fields to $45.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Finally, Canaccord Genuity Group downgraded Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 target price on the stock. in a research note on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.13.

Gold Fields Trading Up 1.2%

Shares of NYSE:GFI opened at $44.12 on Monday. Gold Fields has a 12-month low of $13.15 and a 12-month high of $47.60. The business’s fifty day simple moving average is $41.67 and its 200-day simple moving average is $35.42.

Hedge Funds Weigh In On Gold Fields

Several hedge funds have recently made changes to their positions in GFI. Northern Trust Corp lifted its position in Gold Fields by 5.9% during the 1st quarter. Northern Trust Corp now owns 424,520 shares of the company’s stock worth $9,378,000 after acquiring an additional 23,840 shares during the period. Jump Financial LLC acquired a new stake in shares of Gold Fields during the first quarter worth about $352,000. Aprio Wealth Management LLC purchased a new stake in Gold Fields in the first quarter valued at approximately $246,000. Amundi boosted its position in Gold Fields by 17.8% in the first quarter. Amundi now owns 3,661,529 shares of the company’s stock valued at $82,934,000 after buying an additional 554,160 shares during the last quarter. Finally, Clark Capital Management Group Inc. acquired a new position in Gold Fields in the 1st quarter worth approximately $49,186,000. 24.81% of the stock is 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.