Gold Fields (NYSE:GFI) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Gold Fields from “strong sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with a $52.46 target price.
• Analyst views are mixed: JPMorgan, RBC and Royal Bank of Canada maintain positive ratings, while several firms have lowered price targets or downgraded the stock to “hold.”
• Gold Fields opened at $36.20, below its 50-day and 200-day moving averages of $40.80 and $42.87; institutional investors own 24.81% of the company.

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 note issued on Tuesday, Zacks reports.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Gold Fields from $75.00 to $55.00 and set an "overweight" rating on the stock in a research note on Thursday, July 16th. Wall Street Zen cut shares of Gold Fields from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. RBC Dominion Securities set a $54.00 price objective on shares of Gold Fields and gave the stock an "outperform" rating in a research note on Thursday, October 22nd. Scotiabank dropped their target price on shares of Gold Fields from $60.00 to $52.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada increased their target price on shares of Gold Fields from $49.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday, September 16th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $52.46.

Gold Fields Stock Performance

GFI opened at $36.20 on Tuesday. Gold Fields has a 1-year low of $31.11 and a 1-year high of $61.64. The business has a 50 day moving average price of $40.80 and a two-hundred day moving average price of $42.87.

Institutional Investors Weigh In On Gold Fields

Several large investors have recently made changes to their positions in GFI. V Square Quantitative Management LLC acquired a new stake in Gold Fields during the first quarter worth $25,000. Latitude Advisors LLC bought a new stake in Gold Fields in the 3rd quarter valued at $36,000. Allworth Financial LP raised its stake in shares of Gold Fields by 11.8% in the 2nd quarter. Allworth Financial LP now owns 2,631 shares of the company's stock valued at $88,000 after buying an additional 277 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Gold Fields by 1,604.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,096 shares of the company's stock valued at $92,000 after buying an additional 1,973 shares in the last quarter. Finally, Strategic Investment Advisors MI acquired a new position in shares of Gold Fields in the 1st quarter valued at $118,000. Institutional investors own 24.81% of the company's stock.

Gold Fields Company Profile

Gold Fields Limited NYSE: GFI is a global gold producer headquartered in Johannesburg, South Africa. The company explores for, develops and operates gold mines, producing doré and refined gold for sale to international markets. Its activities include mine development, underground and open-pit mining, ore processing and exploration for additional mineral resources.

Gold Fields has a history dating to 1887 and has grown into one of the world's major gold-mining companies through acquisitions, partnerships and the development of its own projects.

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