Gold Fields (NYSE:GFI) Cut to Buy at StockNews.com

StockNews.com cut shares of Gold Fields (NYSE:GFI) from a strong-buy rating to a buy rating in a report published on Tuesday.

A number of other equities research analysts have also weighed in on the company. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Scotiabank dropped their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Finally, Bank of America assumed coverage on shares of Gold Fields in a research note on Monday, September 16th. They set 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 assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.93.

Gold Fields Stock Performance

NYSE:GFI traded down $0.40 on Tuesday, reaching $15.84. The stock had a trading volume of 340,362 shares, compared to its average volume of 3,643,030. The company has a 50-day moving average of $15.62 and a 200 day moving average of $15.80. Gold Fields has a 12-month low of $12.19 and a 12-month high of $18.97.

Gold Fields Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th.

Institutional Trading of Gold Fields

Several institutional investors have recently added to or reduced their stakes in GFI. Concurrent Investment Advisors LLC increased its position in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after buying an additional 850 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in Gold Fields by 10.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after purchasing an additional 1,090 shares during the period. Sierra Summit Advisors LLC boosted its stake in Gold Fields by 8.6% during the 2nd quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock valued at $348,000 after purchasing an additional 1,857 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Gold Fields by 1.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock valued at $1,929,000 after purchasing an additional 2,300 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Gold Fields by 13.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock valued at $318,000 after buying an additional 2,480 shares during the last quarter. Institutional investors own 26.02% of the company’s stock.

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.