Gold Fields (NYSE:GFI) was upgraded by equities research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report issued on Tuesday, MarketBeat Ratings reports.
Several other research firms have also weighed in on GFI. Deutsche Bank raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, HSBC raised Gold Fields from a “reduce” rating to a “hold” rating in a research note on Friday, January 19th.
Gold Fields (GFI) traded up $0.05 on Tuesday, hitting $3.83. The stock had a trading volume of 3,283,038 shares, compared to its average volume of 4,062,260. Gold Fields has a 12 month low of $3.06 and a 12 month high of $4.70.
Institutional investors have recently bought and sold shares of the business. Jefferies Group LLC bought a new position in Gold Fields in the fourth quarter valued at about $108,000. Quantitative Investment Management LLC bought a new position in Gold Fields in the fourth quarter valued at about $129,000. State of Wisconsin Investment Board bought a new position in Gold Fields in the fourth quarter valued at about $177,000. Tower Research Capital LLC TRC raised its position in Gold Fields by 53.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 56,298 shares of the company’s stock valued at $242,000 after purchasing an additional 19,689 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Gold Fields by 152.7% in the fourth quarter. First Trust Advisors LP now owns 56,700 shares of the company’s stock valued at $244,000 after purchasing an additional 34,258 shares during the last quarter. Hedge funds and other institutional investors own 33.79% of the company’s stock.
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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