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

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

GFI has been the subject of a number of other research reports. Scotiabank raised their price target on shares of Gold Fields from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.20.

Gold Fields Price Performance

Shares of NYSE GFI opened at $21.56 on Friday. The company has a 50 day simple moving average of $18.38 and a 200-day simple moving average of $16.15. The company has a market capitalization 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. Gold Fields has a 1 year low of $12.98 and a 1 year high of $22.18.

Institutional Trading of Gold Fields

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