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

Gold Fields (NYSE:GFI) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently weighed in on GFI. JPMorgan Chase & Co. lifted their target price on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Scotiabank raised their price objective on shares of Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.20.

Gold Fields Stock Down 1.4 %

GFI opened at $21.56 on Friday. Gold Fields has a 52 week low of $12.98 and a 52 week high of $22.18. The business has a fifty day simple moving average of $18.38 and a 200-day simple moving average of $16.18. The firm has a market cap of $19.30 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.30 and a beta of 1.14.

Institutional Trading of Gold Fields

Several hedge funds have recently added to or reduced their stakes in the company. FCA Corp TX acquired a new position in Gold Fields during the 4th quarter worth approximately $108,000. Net Worth Advisory Group acquired a new position in shares of Gold Fields during the fourth quarter worth $136,000. Signaturefd LLC grew its stake in shares of Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after purchasing an additional 1,656 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Gold Fields in the fourth quarter valued at $139,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Gold Fields in the fourth quarter valued at $141,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

About Gold Fields

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.