Gold Fields (NYSE:GFI) Downgraded to “Buy” Rating by Wall Street Zen

Gold Fields (NYSE:GFI) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also recently commented on GFI. Citigroup increased their price target on Gold Fields to $57.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Research raised Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Capital One Financial set a $32.00 price target on Gold Fields in a report on Friday, August 22nd. Investec lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Gold Fields currently has a consensus rating of “Moderate Buy” and an average price target of $41.88.

Gold Fields Stock Down 0.8%

NYSE GFI traded down $0.33 during trading hours on Friday, hitting $42.89. 4,264,995 shares of the company’s stock traded hands, compared to its average volume of 3,517,458. Gold Fields has a 52-week low of $12.98 and a 52-week high of $47.18. The firm’s 50-day moving average is $40.84 and its 200-day moving average is $32.07.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GFI. DJE Kapital AG increased its holdings in Gold Fields by 19.7% in the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock valued at $105,260,000 after purchasing an additional 742,174 shares during the last quarter. Paradiem LLC purchased a new position in shares of Gold Fields during the second quarter worth $2,010,000. U S Global Investors Inc. grew its stake in shares of Gold Fields by 53.8% in the second quarter. U S Global Investors Inc. now owns 100,000 shares of the company’s stock valued at $2,367,000 after buying an additional 35,000 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Gold Fields in the 2nd quarter valued at $1,316,000. Finally, Ramirez Asset Management Inc. acquired a new position in Gold Fields during the 2nd quarter worth about $1,349,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

About Gold Fields

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.