Gold Fields' (GFI) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "Buy (B)" rating for Gold Fields (NYSE:GFI), indicating continued confidence in the company's stock performance.
• Gold Fields has seen significant price targets from analysts, with BMO Capital Markets and Capital One Financial both setting objectives of $32.00.
• Recent trading activity reflects a strong position, with Gold Fields shares increasing by 3.7% on the latest market day.

Gold Fields (NYSE:GFI - Get Free Report)'s stock had its "buy (b)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the company. Wall Street Zen raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 26th. BMO Capital Markets raised their price objective on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research report on Monday, August 25th. Capital One Financial set a $32.00 price objective on Gold Fields in a research report on Friday, August 22nd. Canaccord Genuity Group assumed coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 price objective for the company. Finally, Zacks Research lowered Gold Fields from a "strong-buy" rating to a "hold" rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $26.63.

Gold Fields Trading Up 3.7%

Shares of Gold Fields stock opened at $43.39 on Wednesday. The firm has a market capitalization of $38.83 billion, a P/E ratio of 18.46, a P/E/G ratio of 0.42 and a beta of 0.49. The business has a fifty day simple moving average of $35.22 and a two-hundred day simple moving average of $27.33. Gold Fields has a 12 month low of $12.98 and a 12 month high of $43.66.

Institutional Investors Weigh In On Gold Fields

Several large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its holdings in Gold Fields by 84.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company's stock worth $131,350,000 after buying an additional 2,545,579 shares in the last quarter. Invesco Ltd. increased its holdings in Gold Fields by 32.9% in the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company's stock worth $116,443,000 after buying an additional 1,217,594 shares in the last quarter. DJE Kapital AG increased its holdings in Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company's stock worth $105,260,000 after buying an additional 742,174 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Gold Fields by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock worth $99,567,000 after buying an additional 45,171 shares in the last quarter. Finally, Amundi increased its holdings in Gold Fields by 17.8% in the 1st quarter. Amundi now owns 3,661,529 shares of the company's stock worth $82,934,000 after buying an additional 554,160 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Company Profile

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.

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