Gold Fields (NYSE:GFI) Rating Lowered to Buy at Wall Street Zen

Gold Fields (NYSE:GFI) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Separately, Canaccord Genuity Group initiated coverage on Gold Fields in a research note on Monday, July 28th. They issued a “buy” rating and a $33.00 target price for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Gold Fields currently has a consensus rating of “Moderate Buy” and an average price target of $22.36.

Gold Fields Stock Up 0.9%

Shares of NYSE:GFI opened at $30.02 on Friday. The company has a market capitalization of $26.87 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 0.73. The business has a fifty day moving average price of $25.62 and a two-hundred day moving average price of $22.67. Gold Fields has a 1 year low of $12.98 and a 1 year high of $31.77.

Institutional Investors Weigh In On Gold Fields

A number of large investors have recently made changes to their positions in GFI. Arrowstreet Capital Limited Partnership boosted its position in shares of Gold Fields by 84.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock valued at $131,350,000 after purchasing an additional 2,545,579 shares in the last quarter. Clark Capital Management Group Inc. bought a new position in shares of Gold Fields during the first quarter valued at $49,186,000. Marshall Wace LLP lifted its holdings in shares of Gold Fields by 1,594.7% during the fourth quarter. Marshall Wace LLP now owns 2,114,631 shares of the company’s stock valued at $27,913,000 after purchasing an additional 1,989,849 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Gold Fields by 122.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company’s stock valued at $78,323,000 after purchasing an additional 1,822,689 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Gold Fields during the first quarter valued at $30,914,000. 24.81% of the stock is currently owned by institutional investors.

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.