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

Gold Fields (NYSE:GFI) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on GFI. Wall Street Zen raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Monday. Royal Bank Of Canada dropped their price objective on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Scotiabank cut their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Weiss Ratings cut Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Gold Fields from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $47.75.

Gold Fields Trading Up 4.0%

Shares of NYSE:GFI opened at $33.59 on Tuesday. Gold Fields has a 12 month low of $23.86 and a 12 month high of $61.64. The stock’s 50 day moving average price is $36.30 and its 200 day moving average price is $44.57. 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 large investors have recently added to or reduced their stakes in GFI. V Square Quantitative Management LLC bought a new position in shares of Gold Fields in the first quarter valued at $25,000. CIBC Private Wealth Group LLC lifted its position in shares of Gold Fields by 47.1% during 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 last quarter. Bayforest Capital Ltd boosted its stake in shares of Gold Fields by 1,106.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after acquiring an additional 996 shares in the last quarter. Arax Advisory Partners boosted its stake in shares of Gold Fields by 352.6% during the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after acquiring an additional 885 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in shares of Gold Fields by 24.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock worth $68,000 after acquiring an additional 300 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors.

About Gold Fields

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.