Gold Fields (NYSE:GFI) Stock Rating Lowered by StockNews.com

Gold Fields (NYSE:GFI) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Several other analysts have also recently commented on GFI. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Bank of America began coverage on shares of Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 target price on the stock. Scotiabank reduced their target price on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Finally, BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $13.50 to $14.00 in a report on Wednesday, June 26th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and an average price target of $15.93.

Gold Fields Stock Up 4.5 %

Shares of GFI stock opened at $18.02 on Friday. The stock has a market cap of $16.13 billion, a P/E ratio of 9.43, a PEG ratio of 0.52 and a beta of 1.18. Gold Fields has a 52 week low of $12.19 and a 52 week high of $18.97. The company’s fifty day simple moving average is $15.17 and its two-hundred day simple moving average is $15.83.

Institutional Investors Weigh In On Gold Fields

Several hedge funds have recently modified their holdings of GFI. Allspring Global Investments Holdings LLC lifted its position in Gold Fields by 66.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock valued at $21,263,000 after acquiring an additional 551,210 shares during the last quarter. Blue Trust Inc. lifted its position in Gold Fields by 20.0% during the third quarter. Blue Trust Inc. now owns 65,565 shares of the company’s stock valued at $977,000 after acquiring an additional 10,908 shares during the last quarter. Atomi Financial Group Inc. lifted its position in Gold Fields by 17.0% during the third quarter. Atomi Financial Group Inc. now owns 19,139 shares of the company’s stock valued at $294,000 after acquiring an additional 2,779 shares during the last quarter. SG Americas Securities LLC lifted its position in Gold Fields by 107.7% during the third quarter. SG Americas Securities LLC now owns 61,847 shares of the company’s stock valued at $949,000 after acquiring an additional 32,070 shares during the last quarter. Finally, Creative Planning lifted its position in Gold Fields by 15.2% during the second quarter. Creative Planning now owns 54,242 shares of the company’s stock valued at $808,000 after acquiring an additional 7,155 shares during the last quarter. Hedge funds and other institutional investors own 26.02% of the company’s stock.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.