Gold Fields (NYSE:GFI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Friday.
Several other brokerages have also recently weighed in on GFI. Scotiabank lifted their price target on shares of Gold Fields from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. HSBC reiterated a "hold" rating and set a $21.00 price target on shares of Gold Fields in a research note on Thursday, April 17th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of "Hold" and a consensus price target of $18.56.
Get Our Latest Analysis on GFI
Gold Fields Stock Performance
Shares of Gold Fields stock traded down $0.02 on Friday, hitting $22.99. 3,023,773 shares of the company's stock were exchanged, compared to its average volume of 3,638,482. The company has a 50-day simple moving average of $22.18 and a 200-day simple moving average of $18.47. The stock has a market capitalization of $20.58 billion, a PE ratio of 9.78, a PEG ratio of 0.30 and a beta of 0.57. Gold Fields has a 1 year low of $12.98 and a 1 year high of $25.52.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of GFI. Strs Ohio bought a new stake in Gold Fields in the 1st quarter valued at $311,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Gold Fields in the 1st quarter valued at $30,914,000. Jones Financial Companies Lllp bought a new stake in Gold Fields in the 1st quarter valued at $268,000. Dynamic Technology Lab Private Ltd bought a new stake in Gold Fields in the 1st quarter valued at $236,000. Finally, NewEdge Advisors LLC increased its holdings in Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock valued at $50,000 after acquiring an additional 2,152 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.
Gold Fields Company Profile
(
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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.
Further Reading
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