Zacks Investment Research lowered shares of Gold Fields (NYSE:GFI) from a hold rating to a sell rating in a report issued on Wednesday.
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. “
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Other equities analysts have also issued research reports about the company. Bank of America raised Gold Fields from an underperform rating to a buy rating and set a $5.00 target price on the stock in a research note on Friday, April 13th. Morgan Stanley raised Gold Fields from an underweight rating to an equal weight rating in a research note on Tuesday, March 20th. ValuEngine raised Gold Fields from a sell rating to a hold rating in a research note on Monday, July 2nd. Macquarie lowered Gold Fields from an outperform rating to a neutral rating in a research note on Thursday, April 26th. Finally, JPMorgan Chase & Co. cut their target price on Gold Fields from $7.06 to $6.31 and set an overweight rating on the stock in a research note on Monday, April 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $5.35.
Shares of Gold Fields opened at $3.71 on Wednesday, according to MarketBeat.com. Gold Fields has a 12-month low of $3.43 and a 12-month high of $4.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.30.
A number of large investors have recently added to or reduced their stakes in GFI. Donald Smith & CO. Inc. lifted its stake in Gold Fields by 38.7% in the first quarter. Donald Smith & CO. Inc. now owns 19,765,460 shares of the company’s stock valued at $79,457,000 after buying an additional 5,511,036 shares during the period. Renaissance Technologies LLC lifted its stake in Gold Fields by 34.8% in the fourth quarter. Renaissance Technologies LLC now owns 13,698,200 shares of the company’s stock valued at $58,902,000 after buying an additional 3,537,400 shares during the period. Deutsche Bank AG lifted its stake in Gold Fields by 932.7% in the fourth quarter. Deutsche Bank AG now owns 3,751,005 shares of the company’s stock valued at $16,128,000 after buying an additional 3,387,790 shares during the period. Van ECK Associates Corp increased its holdings in shares of Gold Fields by 3.6% in the first quarter. Van ECK Associates Corp now owns 89,854,633 shares of the company’s stock worth $361,216,000 after acquiring an additional 3,119,606 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Gold Fields in the fourth quarter worth about $6,046,000. 33.42% of the stock is currently owned by hedge funds and other 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.
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