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

Key Points

• Gold Fields has been downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating.
• Investor sentiment is mixed, with other analysts also downgrading the stock, leading to a consensus rating of "Hold".
• Gold Fields stock has recently decreased by 7.6%, with a current price target averaging around $27.63.

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

A number of other research analysts also recently commented on the company. Investec downgraded Gold Fields from a "buy" rating to a "hold" rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Gold Fields in a research note on Wednesday, October 8th. HSBC reaffirmed a "hold" rating on shares of Gold Fields in a research note on Thursday, October 9th. Capital One Financial set a $32.00 price target on Gold Fields in a research note on Friday, August 22nd. Finally, BMO Capital Markets boosted their price target on Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $27.63.

Gold Fields Stock Down 7.6%

GFI stock opened at $43.10 on Friday. The company has a market cap of $38.58 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 0.36 and a beta of 0.49. The business has a 50-day simple moving average of $37.19 and a 200 day simple moving average of $28.37. Gold Fields has a 52 week low of $12.98 and a 52 week high of $47.18.

Institutional Trading of Gold Fields

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.