Gold Fields (NYSE:GFI – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.
A number of other research analysts have also recently commented on the stock. Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Scotiabank lowered their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, March 20th. Finally, Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and upped their price objective for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $49.75.
Read Our Latest Report on Gold Fields
Gold Fields Trading Down 0.8%
Institutional Trading of Gold Fields
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFI. V Square Quantitative Management LLC acquired a new stake in Gold Fields during the 1st quarter valued at approximately $25,000. CIBC Private Wealth Group LLC grew its position in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after buying an additional 273 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Gold Fields during the 3rd quarter worth approximately $45,000. Bayforest Capital Ltd grew its position in shares of 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 period. Finally, Arax Advisory Partners grew its position in shares of 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 period. Institutional investors and hedge funds own 24.81% of the company’s stock.
Gold Fields Company Profile
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.
Featured Stories
- Five stocks we like better than Gold Fields
- MarketBeat Week in Review – 05/25 – 05/29
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.
