Gold Fields (NYSE:GFI) Downgraded to “Buy” Rating by StockNews.com

Gold Fields (NYSE:GFI) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Several other equities research analysts have also recently weighed in on the company. Scotiabank boosted their price objective on Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. boosted their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and an average price target of $17.20.

Gold Fields Trading Down 1.4 %

Shares of GFI stock opened at $21.56 on Friday. Gold Fields has a 12-month low of $12.98 and a 12-month high of $22.18. The stock’s 50-day moving average price is $18.38 and its 200-day moving average price is $16.15. The stock has a market capitalization of $19.30 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14.

Institutional Investors Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its stake in Gold Fields by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock valued at $1,388,000 after buying an additional 573 shares in the last quarter. Rhumbline Advisers lifted its stake in Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after buying an additional 720 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in Gold Fields by 3.4% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock valued at $638,000 after acquiring an additional 1,583 shares during the last quarter. Signaturefd LLC raised its holdings in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after acquiring an additional 1,656 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Gold Fields by 18.9% in the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock valued at $152,000 after acquiring an additional 1,829 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile

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.