Gold Fields (NYSE:GFI) Upgraded to Buy at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Gold Fields (NYSE:GFI – Free Report) from a hold rating to a buy rating in a report issued on Monday morning.

GFI has been the topic of several other research reports. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their price target on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Scotiabank decreased their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Canaccord Genuity Group upgraded Gold Fields from a “hold” rating to a “buy” rating and lifted their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $47.75.

View Our Latest Research Report on Gold Fields

Gold Fields Stock Down 2.2%

NYSE GFI opened at $31.28 on Monday. The firm’s 50 day moving average price is $36.78 and its 200-day moving average price is $44.72. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. Gold Fields has a 52-week low of $23.86 and a 52-week high of $61.64.

Hedge Funds Weigh In On Gold Fields

Several institutional investors and hedge funds have recently bought and sold shares of GFI. V Square Quantitative Management LLC purchased a new stake in shares of Gold Fields during the 1st quarter valued at $25,000. CIBC Private Wealth Group LLC boosted its position in shares of Gold Fields by 47.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares in the last quarter. Bayforest Capital Ltd grew its stake in Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after buying an additional 996 shares during the last quarter. Arax Advisory Partners grew its stake in Gold Fields by 352.6% during the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after buying an additional 885 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC increased its position in Gold Fields by 24.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after buying an additional 300 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

About Gold Fields

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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.

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