Gold Fields (NYSE:GFI) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Gold Fields (NYSE:GFI) from a hold rating to a strong sell rating in a research note released on Wednesday morning,Zacks.com reports.

Several other analysts have also commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. Scotiabank lowered their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, March 20th. JPMorgan Chase & Co. raised their target price on Gold Fields from $64.00 to $65.00 and gave the stock 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 report on Friday, January 23rd. Finally, Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and upped their price target for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and an average price target of $49.75.

Gold Fields Stock Up 2.4%

Gold Fields stock opened at $42.50 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. The company has a 50-day moving average price of $47.88 and a 200 day moving average price of $46.34. Gold Fields has a 12-month low of $19.35 and a 12-month high of $61.64.

Gold Fields Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were given a $1.4419 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a yield of 633.0%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of Gold Fields in the first quarter valued at $25,000. CIBC Private Wealth Group LLC lifted its stake in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares in the last quarter. Archer Investment Corp purchased a new position in Gold Fields during the 3rd quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC purchased a new position in Gold Fields during the 3rd quarter valued at about $45,000. Finally, Bayforest Capital Ltd grew its position in Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock valued at $47,000 after acquiring an additional 996 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

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.