Gold Fields (NYSE:GFI) Stock Rating Lowered by Zacks Research

Key Points

• Gold Fields' stock rating has been downgraded from a "strong-buy" to a "hold" by Zacks Research, indicating a change in analysts' sentiment toward the stock.
• Despite the downgrade, other analysts like Wall Street Zen and Canaccord Genuity have raised their ratings, with price targets set at $32.00 and $33.00, respectively.
• Gold Fields has seen significant institutional interest, with several investors increasing their holdings, contributing to a reported 24.81% of the company's stock being owned by institutional investors and hedge funds.

Gold Fields (NYSE:GFI - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 26th. Capital One Financial set a $32.00 price target on shares of Gold Fields in a research note on Friday, August 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Gold Fields in a research note on Saturday, September 27th. Canaccord Genuity Group assumed coverage on shares of Gold Fields in a research note on Monday, July 28th. They issued a "buy" rating and a $33.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on shares of Gold Fields from $24.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Gold Fields presently has an average rating of "Hold" and an average target price of $26.63.

Gold Fields Price Performance

Shares of NYSE GFI opened at $41.87 on Monday. The stock has a market capitalization of $37.47 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.43 and a beta of 0.49. Gold Fields has a 12 month low of $12.98 and a 12 month high of $43.13. The firm's 50 day simple moving average is $34.84 and its 200-day simple moving average is $27.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bridgewater Advisors Inc. increased its position in Gold Fields by 1.8% during the 2nd quarter. Bridgewater Advisors Inc. now owns 20,375 shares of the company's stock worth $516,000 after purchasing an additional 354 shares in the last quarter. Allworth Financial LP increased its position in Gold Fields by 31.8% during the 2nd quarter. Allworth Financial LP now owns 2,007 shares of the company's stock worth $48,000 after purchasing an additional 484 shares in the last quarter. Signaturefd LLC increased its position in Gold Fields by 6.0% during the 2nd quarter. Signaturefd LLC now owns 9,714 shares of the company's stock worth $230,000 after purchasing an additional 546 shares in the last quarter. Assetmark Inc. increased its position in Gold Fields by 34.2% during the 2nd quarter. Assetmark Inc. now owns 2,189 shares of the company's stock worth $52,000 after purchasing an additional 558 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Gold Fields by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares in the last quarter. Institutional investors and hedge funds 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.

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