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

Wall Street Zen downgraded shares of Gold Fields (NYSE:GFI) from a strong-buy rating to a buy rating in a research note released on Saturday.

GFI has been the subject of a number of other research reports. Zacks Research downgraded Gold Fields from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Citigroup boosted their target price on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Canaccord Genuity Group lowered shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a report on Monday, October 13th. Finally, HSBC reaffirmed a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Gold Fields currently has an average rating of “Hold” and an average price target of $44.00.

Gold Fields Price Performance

Shares of NYSE GFI opened at $49.50 on Friday. Gold Fields has a 52-week low of $17.19 and a 52-week high of $61.64. The firm has a fifty day moving average of $46.67 and a 200-day moving average of $39.78.

Institutional Trading of Gold Fields

Several large investors have recently bought and sold shares of the company. Summit Global Investments lifted its position in shares of Gold Fields by 91.9% during the third quarter. Summit Global Investments now owns 46,205 shares of the company’s stock worth $1,939,000 after purchasing an additional 22,133 shares during the last quarter. DJE Kapital AG grew its position in shares of Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after acquiring an additional 742,174 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Gold Fields by 49.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 133,852 shares of the company’s stock worth $5,616,000 after acquiring an additional 44,306 shares in the last quarter. U S Global Investors Inc. increased its holdings in shares of Gold Fields by 53.8% in the 2nd quarter. U S Global Investors Inc. now owns 100,000 shares of the company’s stock valued at $2,367,000 after acquiring an additional 35,000 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Gold Fields by 32.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after acquiring an additional 1,062,242 shares in the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

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.