Wall Street Zen Upgrades Gold Fields (NYSE:GFI) to “Strong-Buy”

Gold Fields (NYSE:GFI) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

GFI has been the topic of a number of other research reports. Royal Bank Of Canada reduced their price target on Gold Fields to $45.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Citigroup raised their target price on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Scotiabank boosted their price target on shares of Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Morgan Stanley cut shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.00.

Gold Fields Trading Up 2.5%

Shares of NYSE GFI opened at $54.16 on Friday. Gold Fields has a 12-month low of $17.64 and a 12-month high of $61.64. The business’s fifty day simple moving average is $49.77 and its 200-day simple moving average is $42.50.

Institutional Trading of Gold Fields

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its position in Gold Fields by 1.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock worth $786,000 after purchasing an additional 251 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Gold Fields by 0.5% during the fourth quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock worth $2,201,000 after buying an additional 265 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Gold Fields by 3.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company’s stock worth $338,000 after buying an additional 269 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Gold Fields by 47.1% in the 3rd 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 period. Finally, Mark Sheptoff Financial Planning LLC increased its position in Gold Fields by 24.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors 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.