Gold Fields (NYSE:GFI) Cut to Buy at Wall Street Zen

Key Points

• Wall Street Zen downgraded Gold Fields (GFI) from a "strong‑buy" to a "buy" in a research note issued Saturday.
• The analyst mix is mixed — four Buys, six Holds and one Sell — leaving a MarketBeat consensus rating of "Hold" with a consensus price target of $43.88, even as JPMorgan raised its target to $65 and Morgan Stanley cut to underweight.
• Shares opened at $49.36 (50‑day/200‑day MAs $49.89/$45.89) with a 1‑year range of $19.35–$61.64, and institutional investors own about 24.81% of the stock.

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

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Gold Fields from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a research note on Thursday, January 22nd. Morgan Stanley cut shares of Gold Fields from an "equal weight" rating to an "underweight" rating in a report on Friday, January 23rd. Scotiabank dropped their price objective on shares of Gold Fields from $61.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, March 20th. Finally, Zacks Research downgraded shares of Gold Fields from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 31st. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $43.88.

Gold Fields Stock Performance

Shares of GFI stock opened at $49.36 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $49.89 and a two-hundred day moving average of $45.89. Gold Fields has a 1-year low of $19.35 and a 1-year high of $61.64.

Hedge Funds Weigh In On Gold Fields

A number of institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Gold Fields by 1.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company's stock valued at $786,000 after acquiring an additional 251 shares during the period. Harbour Capital Advisors LLC grew its stake in shares of Gold Fields by 0.5% during the 4th quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company's stock worth $2,201,000 after purchasing an additional 265 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Gold Fields by 3.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company's stock worth $338,000 after purchasing an additional 269 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock worth $36,000 after purchasing an additional 273 shares during the period. Finally, Mark Sheptoff Financial Planning LLC grew its stake in Gold Fields by 24.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company's stock valued at $68,000 after acquiring an additional 300 shares during 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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