Zacks Research cut shares of Gold Fields (NYSE:GFI – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.
A number of other research analysts have also recently commented on the stock. Wall Street Zen raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Monday. Scotiabank dropped their price target on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. JPMorgan Chase & Co. reduced their price target on shares of Gold Fields from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada lowered their price objective on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Gold Fields has a consensus rating of “Hold” and a consensus target price of $47.75.
Check Out Our Latest Stock Analysis on Gold Fields
Gold Fields Trading Up 4.0%
Hedge Funds Weigh In On Gold Fields
Several institutional investors have recently bought and sold shares of GFI. V Square Quantitative Management LLC purchased a new stake in Gold Fields during the first quarter worth about $25,000. CIBC Private Wealth Group LLC boosted its stake in shares of Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the period. Bayforest Capital Ltd grew its holdings in shares of Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after purchasing an additional 996 shares in the last quarter. Arax Advisory Partners grew its holdings in shares of Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after purchasing an additional 885 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after purchasing an additional 2,152 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.
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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