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

Key Points

• Gold Fields has received a rating upgrade from "buy" to "strong-buy" by Wall Street Zen, indicating a positive outlook from analysts.
• Canaccord Genuity issued a "buy" rating for Gold Fields with a price target of $33.00, showing confidence in the company's future performance.
• Gold Fields shares opened at $31.15 recently, reflecting a significant increase of 2.9% as investors respond to the positive ratings and market conditions.

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

Separately, Canaccord Genuity Group initiated coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Gold Fields has an average rating of "Hold" and a consensus target price of $22.36.

Gold Fields Stock Up 2.9%

Shares of NYSE GFI opened at $31.15 on Friday. The company has a 50 day simple moving average of $26.15 and a 200 day simple moving average of $23.15. The firm has a market cap of $27.88 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.33 and a beta of 0.42. Gold Fields has a 1 year low of $12.98 and a 1 year high of $31.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73.

Institutional Trading of Gold Fields

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFI. Richardson Financial Services Inc. acquired a new stake in Gold Fields during the 1st quarter valued at approximately $26,000. Penserra Capital Management LLC acquired a new stake in shares of Gold Fields during the 2nd quarter worth approximately $26,000. Country Trust Bank acquired a new stake in shares of Gold Fields during the 2nd quarter worth approximately $26,000. IFP Advisors Inc grew its position in shares of Gold Fields by 672.1% during the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company's stock worth $37,000 after buying an additional 1,351 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Gold Fields during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 24.81% of the company's stock.

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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