Gold Fields (NYSE:GFI) Rating Increased to Strong-Buy at Wall Street Zen

Gold Fields (NYSE:GFI - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Thursday.

GFI has been the topic of several other reports. Hsbc Global Res upgraded Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Scotiabank boosted their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Finally, HSBC reiterated a "hold" rating and set a $21.00 target price on shares of Gold Fields in a research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Gold Fields currently has a consensus rating of "Moderate Buy" and an average target price of $18.56.

Gold Fields Price Performance

Shares of Gold Fields stock traded down $1.01 on Thursday, reaching $22.08. 1,915,820 shares of the company traded hands, compared to its average volume of 3,666,568. The company has a 50 day moving average of $22.06 and a 200 day moving average of $18.29. Gold Fields has a 52 week low of $12.98 and a 52 week high of $25.52. The firm has a market capitalization of $19.76 billion, a PE ratio of 9.40, a PEG ratio of 0.30 and a beta of 0.57.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position 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 valued at $99,567,000 after buying an additional 45,171 shares during the period. Amundi grew its stake in Gold Fields by 17.8% during the first quarter. Amundi now owns 3,661,529 shares of the company's stock valued at $82,934,000 after acquiring an additional 554,160 shares in the last quarter. American Century Companies Inc. increased its holdings in Gold Fields by 6.0% during the 1st quarter. American Century Companies Inc. now owns 3,154,846 shares of the company's stock worth $69,691,000 after acquiring an additional 178,842 shares during the period. RWC Asset Management LLP increased its holdings in Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock worth $35,784,000 after acquiring an additional 227,704 shares during the period. Finally, Deutsche Bank AG lifted its stake in Gold Fields by 21.5% in the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock worth $58,376,000 after purchasing an additional 467,579 shares in the last quarter. Institutional investors 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.