Gold Fields (NYSE:GFI - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Tuesday.
Several other brokerages have also recently weighed in on GFI. Scotiabank reduced their price objective on shares of Gold Fields from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research note on Monday, August 26th. Investec raised shares of Gold Fields from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Finally, Bank of America initiated coverage on shares of Gold Fields in a research note on Monday, September 16th. They issued a "buy" rating and a $16.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $15.93.
Check Out Our Latest Report on GFI
Gold Fields Stock Performance
Shares of Gold Fields stock traded up $0.29 during trading on Tuesday, hitting $16.47. The company's stock had a trading volume of 1,760,967 shares, compared to its average volume of 3,663,051. Gold Fields has a 52 week low of $12.19 and a 52 week high of $18.97. The stock has a 50-day moving average price of $15.54 and a two-hundred day moving average price of $15.79.
Hedge Funds Weigh In On Gold Fields
Institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in Gold Fields by 3.3% in the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company's stock valued at $744,566,000 after acquiring an additional 1,549,372 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Gold Fields in the 1st quarter valued at about $85,326,000. RWC Asset Management LLP increased its stake in Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company's stock valued at $53,476,000 after buying an additional 324,885 shares during the last quarter. Mackenzie Financial Corp increased its stake in Gold Fields by 28.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company's stock valued at $38,878,000 after buying an additional 581,730 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Gold Fields by 6.3% in the 2nd quarter. National Bank of Canada FI now owns 1,760,789 shares of the company's stock valued at $26,165,000 after buying an additional 104,145 shares during the last quarter. Institutional investors own 26.02% of the company's stock.
Gold Fields Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Gold Fields, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gold Fields wasn't on the list.
While Gold Fields currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
