Gold Fields (NYSE:GFI) Rating Increased to Market Perform at BMO Capital Markets

Gold Fields (NYSE:GFI) was upgraded by equities researchers at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $14.00 price target on the stock, up from their prior price target of $13.50. BMO Capital Markets’ price target points to a potential downside of 8.44% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Scotiabank cut their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Friday, June 14th. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. UBS Group cut shares of Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their price target on Gold Fields from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.33.

Gold Fields Price Performance

Shares of NYSE GFI opened at $15.29 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. Gold Fields has a fifty-two week low of $10.31 and a fifty-two week high of $18.97. The business has a fifty day moving average price of $15.92 and a two-hundred day moving average price of $15.11.

Institutional Investors Weigh In On Gold Fields

Large investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC acquired a new stake in shares of Gold Fields in the 1st quarter valued at about $85,326,000. Van ECK Associates Corp increased its holdings in Gold Fields by 6.6% during the 1st quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock worth $750,667,000 after purchasing an additional 2,934,943 shares in the last quarter. RWC Asset Advisors US LLC raised its stake in shares of Gold Fields by 19.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock worth $185,243,000 after purchasing an additional 2,070,427 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Gold Fields by 3,507.0% in the third quarter. Deutsche Bank AG now owns 1,272,869 shares of the company’s stock valued at $13,823,000 after purchasing an additional 1,237,580 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Gold Fields by 145.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock worth $16,329,000 after buying an additional 669,819 shares in the last quarter. 26.02% of the stock is currently owned by institutional investors and hedge funds.

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.