Zacks Research Downgrades Gold Fields (NYSE:GFI) to Strong Sell

Key Points

• Zacks Research downgraded Gold Fields (NYSE:GFI) from a "hold" to a "strong sell"; other broker actions are mixed but the consensus rating remains "Hold" with a consensus target price of $49.75.
• Shares opened at $42.50, trading below the 50‑day and 200‑day moving averages (~$47.88 and $46.34) with a 1‑year range of $19.35–$61.64; the company has modest leverage (debt/equity 0.34), a current ratio of 1.79, and institutional ownership of about 24.8%.

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

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target on Gold Fields from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, January 20th. Morgan Stanley downgraded Gold Fields from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 23rd. Scotiabank dropped their price target on Gold Fields from $61.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, March 20th. Finally, Canaccord Genuity Group raised Gold Fields from a "hold" rating to a "buy" rating and lifted their price target for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $49.75.

Gold Fields Stock Performance

GFI opened at $42.50 on Wednesday. The business's 50-day moving average price is $47.88 and its two-hundred day moving average price is $46.34. Gold Fields has a 1 year low of $19.35 and a 1 year high of $61.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently modified their holdings of GFI. V Square Quantitative Management LLC acquired a new stake in shares of Gold Fields in the first quarter valued at about $25,000. CIBC Private Wealth Group LLC increased its position in shares of Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock valued at $36,000 after acquiring an additional 273 shares during the last quarter. Archer Investment Corp acquired a new stake in shares of Gold Fields in the third quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Gold Fields in the third quarter valued at about $45,000. Finally, Bayforest Capital Ltd increased its position in shares of Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company's stock valued at $47,000 after acquiring an additional 996 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company's stock.

Gold Fields Company Profile

Gold Fields NYSE: GFI is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company's core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.

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