Gold Fields (NYSE:GFI) Stock Rating Lowered by Wall Street Zen

Gold Fields (NYSE:GFI) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. cut their price objective on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Scotiabank lowered their target price on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Zacks Research downgraded Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada cut their price objective on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.05.

Gold Fields Stock Up 0.2%

Shares of GFI opened at $46.04 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $36.80 and a two-hundred day simple moving average of $42.44. Gold Fields has a 1-year low of $31.11 and a 1-year high of $61.64.

Hedge Funds Weigh In On Gold Fields

Several institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of Gold Fields by 4.5% during the first quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock valued at $225,000 after buying an additional 215 shares during the period. Manning & Napier Advisors LLC lifted its stake in Gold Fields by 0.3% in the first quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock worth $3,617,000 after acquiring an additional 241 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Gold Fields by 3.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company’s stock worth $338,000 after acquiring an additional 269 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares in the last quarter. Finally, SmartHarvest Portfolios LLC grew its holdings in Gold Fields by 5.9% during the 1st quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company’s stock worth $221,000 after acquiring an additional 273 shares in the last quarter. 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.