Wall Street Zen Upgrades Gold Fields (NYSE:GFI) to “Strong-Buy”

Gold Fields (NYSE:GFI) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

A number of other analysts have also recently issued reports on GFI. Scotiabank upped their target price on Gold Fields from $20.00 to $23.00 and gave the company a “sector perform” rating in a research report on Monday, April 14th. Hsbc Global Res upgraded shares of Gold Fields to a “hold” rating in a research report on Thursday, April 17th. Finally, HSBC restated a “hold” rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.56.

Gold Fields Price Performance

Shares of GFI opened at $23.09 on Thursday. Gold Fields has a 1-year low of $12.98 and a 1-year high of $25.52. The stock has a market cap of $20.67 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.30 and a beta of 0.57. The firm has a fifty day moving average price of $22.03 and a 200 day moving average price of $18.21.

Institutional Investors Weigh In On Gold Fields

Several hedge funds have recently modified their holdings of GFI. Richardson Financial Services Inc. purchased a new stake in shares of Gold Fields in the first quarter valued at about $26,000. Banque Cantonale Vaudoise purchased a new stake in Gold Fields in the 1st quarter valued at approximately $44,000. SVB Wealth LLC acquired a new position in Gold Fields during the 1st quarter worth approximately $48,000. NewEdge Advisors LLC raised its stake in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after buying an additional 2,152 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company’s stock worth $83,000 after buying an additional 649 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.