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

Key Points

• Gold Fields (NYSE:GFI) has been upgraded to a strong-buy rating by Wall Street Zen, reflecting increased investor confidence in the stock.
• Despite mixed ratings from other analysts, Gold Fields has seen its stock price increase by 3.7%, reaching $40.79 during Friday's trading session.
• Institutional investors, including Arrowstreet Capital and Robeco Institutional Asset Management, significantly increased their stakes in Gold Fields, indicating growing institutional interest in the company.

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 Friday.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group began 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. Capital One Financial set a $32.00 price objective on Gold Fields in a research note on Friday, August 22nd. Finally, BMO Capital Markets upped their price objective on Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.63.

Gold Fields Stock Up 3.7%

Gold Fields stock traded up $1.46 during trading hours on Friday, hitting $40.79. 3,453,000 shares of the stock traded hands, compared to its average volume of 3,759,073. The company has a current ratio of 1.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40. The firm's 50-day moving average price is $32.47 and its two-hundred day moving average price is $26.16. Gold Fields has a one year low of $12.98 and a one year high of $42.74. The company has a market cap of $36.51 billion, a PE ratio of 17.36, a PEG ratio of 0.40 and a beta of 0.47.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFI. Arrowstreet Capital Limited Partnership raised its position in Gold Fields by 84.7% in the 2nd 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 period. Clark Capital Management Group Inc. purchased a new stake in Gold Fields in the 1st quarter worth about $49,186,000. Robeco Institutional Asset Management B.V. raised its position in Gold Fields by 122.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company's stock worth $78,323,000 after purchasing an additional 1,822,689 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Gold Fields in the 1st quarter worth about $30,914,000. Finally, Invesco Ltd. raised its position in Gold Fields by 32.9% in the 2nd 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 period. 24.81% of the stock is owned by hedge funds and other 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.