Zacks Investment Research Downgrades Gold Fields (GFI) to Hold

Gold Fields (NYSE:GFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. “

GFI has been the topic of several other reports. HSBC raised Gold Fields from a “reduce” rating to a “hold” rating in a research note on Friday, January 19th. Deutsche Bank raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.

Gold Fields (GFI) opened at $4.23 on Wednesday. The company has a market capitalization of $3,530.00, a PE ratio of 32.54, a PEG ratio of 1.98 and a beta of -1.09. Gold Fields has a twelve month low of $2.86 and a twelve month high of $4.70.

Several hedge funds and other institutional investors have recently bought and sold shares of GFI. Lazard Asset Management LLC bought a new stake in shares of Gold Fields in the second quarter worth about $393,000. Northern Trust Corp grew its stake in shares of Gold Fields by 19.7% in the second quarter. Northern Trust Corp now owns 400,392 shares of the company’s stock worth $1,393,000 after purchasing an additional 65,976 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gold Fields by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 34,627,933 shares of the company’s stock worth $120,477,000 after purchasing an additional 1,033,502 shares during the last quarter. Sensato Investors LLC bought a new stake in Gold Fields during the 2nd quarter valued at approximately $1,841,000. Finally, State Street Corp boosted its position in Gold Fields by 19.2% during the 2nd quarter. State Street Corp now owns 246,860 shares of the company’s stock valued at $859,000 after acquiring an additional 39,717 shares in the last quarter. 33.69% of the stock is currently owned by institutional investors.

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Gold Fields Company Profile

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

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