Gold Fields (NYSE:GFI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. “
Other analysts have also recently issued research reports about the company. ValuEngine cut Gold Fields from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. BMO Capital Markets set a $3.00 price target on Gold Fields and gave the company a “sell” rating in a research note on Sunday, December 16th. Finally, Royal Bank of Canada upgraded Gold Fields from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $4.61.
Shares of Gold Fields stock opened at $3.73 on Tuesday. Gold Fields has a 1-year low of $2.20 and a 1-year high of $4.54. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 15.54 and a beta of -1.29.
Several hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Gold Fields during the 3rd quarter worth about $100,000. HRT Financial LLC bought a new position in Gold Fields during the 3rd quarter worth about $133,000. Dynamic Technology Lab Private Ltd bought a new position in Gold Fields during the 3rd quarter worth about $177,000. Fosun International Ltd bought a new position in Gold Fields during the 3rd quarter worth about $244,000. Finally, Tower Research Capital LLC TRC increased its holdings in Gold Fields by 1,026.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 82,245 shares of the company’s stock worth $293,000 after purchasing an additional 74,945 shares in the last quarter. 38.30% of the stock is currently owned by institutional investors.
Gold Fields Company Profile
Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.