Gold Fields (NYSE:GFI) Downgraded by Wall Street Zen to Buy

Key Points

• Gold Fields (NYSE:GFI) has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, indicating a shift in analyst sentiment.
• Analyst price targets for Gold Fields range from $24.00 to $33.00, with a consensus target price of $25.11 and an average rating of "Hold".
• The company's market capitalization stands at $30.04 billion and it currently trades around $33.56, reflecting a significant increase over the past year.

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

GFI has been the topic of a number of other reports. Capital One Financial set a $32.00 price target on shares of Gold Fields in a research report on Friday, August 22nd. BMO Capital Markets raised their price target on shares of Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th. Finally, Canaccord Genuity Group assumed coverage on shares of Gold Fields in a research report on Monday, July 28th. They issued a "buy" rating and a $33.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $25.11.

Gold Fields Trading Up 4.5%

NYSE GFI opened at $33.56 on Monday. Gold Fields has a 12 month low of $12.98 and a 12 month high of $33.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.89 and a quick ratio of 0.73. The company has a market capitalization of $30.04 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.36 and a beta of 0.47. The company's fifty day moving average price is $26.99 and its two-hundred day moving average price is $23.66.

Hedge Funds Weigh In On Gold Fields

Several large investors have recently bought and sold shares of the stock. Bridgewater Advisors Inc. increased its stake in Gold Fields by 1.8% during the 2nd quarter. Bridgewater Advisors Inc. now owns 20,375 shares of the company's stock valued at $516,000 after buying an additional 354 shares during the period. Allworth Financial LP grew its stake in shares of Gold Fields by 31.8% in the 2nd quarter. Allworth Financial LP now owns 2,007 shares of the company's stock worth $48,000 after purchasing an additional 484 shares during the last quarter. Signaturefd LLC grew its stake in shares of Gold Fields by 6.0% in the 2nd quarter. Signaturefd LLC now owns 9,714 shares of the company's stock worth $230,000 after purchasing an additional 546 shares during the last quarter. Assetmark Inc. grew its stake in shares of Gold Fields by 34.2% in the 2nd quarter. Assetmark Inc. now owns 2,189 shares of the company's stock worth $52,000 after purchasing an additional 558 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares during the last quarter. Institutional investors and hedge funds own 24.81% 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.

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