Gold Fields (NYSE:GFI) Downgraded to “Sector Perform” at Royal Bank of Canada

Gold Fields (NYSE:GFI) was downgraded by equities research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued on Wednesday, June 26th, MarketBeat Ratings reports. They currently have a $5.31 target price on the stock. Royal Bank of Canada’s price target points to a potential downside of 8.29% from the stock’s previous close.

Several other equities analysts also recently weighed in on GFI. Zacks Investment Research downgraded GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. ValuEngine downgraded Zuora from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Finally, BMO Capital Markets upgraded Gold Fields from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Gold Fields currently has a consensus rating of “Hold” and an average target price of $4.11.

Shares of GFI stock traded up $0.43 during mid-day trading on Wednesday, reaching $5.79. The stock had a trading volume of 14,721,500 shares, compared to its average volume of 5,956,931. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 82.71 and a beta of -0.90. The business has a fifty day moving average of $5.13. The company has a current ratio of 1.50, a quick ratio of 0.90 and a debt-to-equity ratio of 0.74. Gold Fields has a 1-year low of $2.20 and a 1-year high of $5.84.

Several institutional investors have recently bought and sold shares of the company. We Are One Seven LLC increased its position in Gold Fields by 41.2% in the 2nd quarter. We Are One Seven LLC now owns 15,692 shares of the company’s stock valued at $84,000 after acquiring an additional 4,577 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Gold Fields during the 2nd quarter worth approximately $225,000. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Gold Fields by 75.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,935,799 shares of the company’s stock worth $10,951,000 after acquiring an additional 1,261,943 shares in the last quarter. U S Global Investors Inc. lifted its stake in Gold Fields by 52.0% in the 1st quarter. U S Global Investors Inc. now owns 380,000 shares of the company’s stock valued at $1,418,000 after buying an additional 130,000 shares in the last quarter. Finally, Donald Smith & CO. Inc. lifted its stake in Gold Fields by 4.1% in the 1st quarter. Donald Smith & CO. Inc. now owns 32,198,559 shares of the company’s stock valued at $120,101,000 after buying an additional 1,280,365 shares in the last quarter. 44.25% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 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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Analyst Recommendations for Gold Fields (NYSE:GFI)

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