Gold Fields (NYSE:GFI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a report issued on Sunday.

A number of other analysts have also weighed in on GFI. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a research note on Wednesday, October 8th. Investec cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Citigroup lifted their price objective on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Royal Bank Of Canada lowered their price objective on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Gold Fields from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.25.

Gold Fields Stock Up 7.0%

GFI opened at $52.85 on Friday. The stock’s 50 day moving average price is $44.14 and its 200-day moving average price is $37.87. Gold Fields has a one year low of $15.76 and a one year high of $53.31.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its holdings in Gold Fields by 84.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock worth $131,350,000 after purchasing an additional 2,545,579 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Gold Fields by 122.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company’s stock worth $78,323,000 after buying an additional 1,822,689 shares during the last quarter. Invesco Ltd. grew its position in shares of Gold Fields by 32.9% in the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock worth $116,443,000 after buying an additional 1,217,594 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Gold Fields during the 3rd quarter worth approximately $42,963,000. Finally, Man Group plc lifted its position in Gold Fields by 59.9% during the third quarter. Man Group plc now owns 2,229,678 shares of the company’s stock valued at $93,557,000 after acquiring an additional 835,581 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

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.