Gold Fields (NYSE:GFI) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Gold Fields from “buy” to “hold.” Analyst sentiment is mixed, with five Buy, three Hold and two Sell ratings; the consensus rating is Hold with a $54.05 price target.
• Several analysts recently reduced their price targets, including Scotiabank to $52, RBC to $49 and JPMorgan to $55, while Zacks Research downgraded the stock to Strong Sell.
• Gold Fields opened at $46.04, below its one-year high of $61.64 but above its one-year low of $31.11. Institutional investors and hedge funds own approximately 24.81% of the company.

Gold Fields (NYSE:GFI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other analysts have also recently issued reports on GFI. Scotiabank decreased their target price on 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. Royal Bank Of Canada cut their price target on Gold Fields from $50.00 to $49.00 and set an "outperform" rating on the stock in a research report on Thursday, July 9th. Zacks Research cut Gold Fields from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Weiss Ratings downgraded Gold Fields from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gold Fields from $75.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $54.05.

Gold Fields Stock Performance

NYSE GFI opened at $46.04 on Friday. The company has a fifty day moving average of $36.80 and a two-hundred day moving average of $42.53. Gold Fields has a 1 year low of $31.11 and a 1 year high of $61.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.33 and a current ratio of 1.87.

Institutional Trading of Gold Fields

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of Gold Fields by 4.5% during the first quarter. Blue Trust Inc. now owns 4,957 shares of the company's stock worth $225,000 after purchasing an additional 215 shares during the last quarter. Manning & Napier Advisors LLC raised its position in Gold Fields by 0.3% during the 1st quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company's stock worth $3,617,000 after buying an additional 241 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Gold Fields by 3.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company's stock worth $338,000 after acquiring an additional 269 shares during the period. SmartHarvest Portfolios LLC lifted its stake in shares of Gold Fields by 5.9% in the 1st quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company's stock worth $221,000 after acquiring an additional 273 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings 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 acquiring an additional 273 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

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.

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