Gold Fields (NYSE:GFI – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.
Other equities research analysts have also issued research reports about the company. Zacks Research upgraded Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Scotiabank lowered their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Royal Bank Of Canada dropped their price objective on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, Canaccord Genuity Group raised 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 equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Gold Fields has a consensus rating of “Hold” and an average price target of $50.32.
Check Out Our Latest Stock Report on Gold Fields
Gold Fields Trading Up 0.3%
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in GFI. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Gold Fields by 43.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock worth $10,698,000 after purchasing an additional 74,539 shares during the period. Dorsey Wright & Associates purchased a new stake in Gold Fields during the 3rd quarter valued at $2,758,000. Clark Capital Management Group Inc. raised its holdings in Gold Fields by 1.9% during the 3rd quarter. Clark Capital Management Group Inc. now owns 2,298,006 shares of the company’s stock valued at $96,424,000 after buying an additional 41,889 shares during the period. PKO Investment Management Joint Stock Co lifted its position in Gold Fields by 11.9% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock worth $13,949,000 after buying an additional 34,000 shares during the last quarter. Finally, Sigma Planning Corp lifted its position in Gold Fields by 203.7% in the fourth quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock worth $2,419,000 after buying an additional 37,161 shares during the last quarter. Institutional investors 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.
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