Gold Fields (NYSE:GFI) Stock Rating Lowered by StockNews.com

Gold Fields (NYSE:GFI - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Friday.

Other analysts have also issued research reports about the company. Bank of America started coverage on Gold Fields in a research note on Monday, September 16th. They issued a "buy" rating and a $16.00 price target for the company. BMO Capital Markets raised Gold Fields from an "underperform" rating to a "market perform" rating and raised their price objective for the company from $13.50 to $14.00 in a research report on Wednesday, June 26th. JPMorgan Chase & Co. lowered their price objective on Gold Fields from $17.50 to $16.70 and set a "neutral" rating for the company in a research report on Wednesday, July 3rd. Scotiabank lowered their price objective on Gold Fields from $18.00 to $17.00 and set a "sector perform" rating for the company in a research report on Monday, August 26th. Finally, Investec raised Gold Fields from a "hold" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of "Hold" and an average price target of $15.93.

Gold Fields Stock Performance

GFI stock traded up $0.78 on Friday, reaching $18.02. The company's stock had a trading volume of 3,437,747 shares, compared to its average volume of 3,712,256. The business has a fifty day simple moving average of $15.17 and a two-hundred day simple moving average of $15.83. Gold Fields has a 12-month low of $12.19 and a 12-month high of $18.97. The firm has a market cap of $16.13 billion, a PE ratio of 9.43, a PEG ratio of 0.52 and a beta of 1.18.

Hedge Funds Weigh In On Gold Fields

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Gold Fields by 78.4% during the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company's stock valued at $49,000 after acquiring an additional 1,361 shares in the last quarter. LGT Fund Management Co Ltd. bought a new position in shares of Gold Fields during the second quarter valued at $149,000. Concurrent Investment Advisors LLC bought a new position in shares of Gold Fields during the second quarter valued at $153,000. Hennion & Walsh Asset Management Inc. increased its holdings in Gold Fields by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company's stock worth $172,000 after buying an additional 1,090 shares in the last quarter. Finally, Candriam S.C.A. bought a new stake in Gold Fields in the 2nd quarter worth about $189,000. 26.02% of the stock is currently owned by institutional investors.

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.

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