Gold Fields (NYSE:GFI) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a hold rating in a research note published on Friday.

Other research analysts have also issued research reports about the stock. BMO Capital Markets upgraded shares of Gold Fields from an underperform rating to a market perform rating and boosted their price objective for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. JPMorgan Chase & Co. cut their price target on shares of Gold Fields from $17.50 to $16.70 and set a neutral rating on the stock in a research note on Wednesday, July 3rd. Scotiabank cut their price target on shares of Gold Fields from $18.00 to $17.00 and set a sector perform rating on the stock in a research note on Friday, June 14th. Finally, UBS Group lowered shares of Gold Fields from a buy rating to a neutral rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $15.90.

Gold Fields Stock Performance

NYSE GFI opened at $16.21 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $15.66 and a 200 day moving average price of $15.45. Gold Fields has a 52 week low of $10.31 and a 52 week high of $18.97.

Institutional Trading of Gold Fields

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Candriam S.C.A. acquired a new stake in Gold Fields during the second quarter valued at $189,000. National Bank of Canada FI boosted its position in Gold Fields by 6.3% during the second quarter. National Bank of Canada FI now owns 1,760,789 shares of the company’s stock worth $26,165,000 after acquiring an additional 104,145 shares during the last quarter. Range Financial Group LLC acquired a new position in Gold Fields during the second quarter worth about $1,243,000. RWC Asset Management LLP boosted its position in Gold Fields by 10.0% during the second quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after acquiring an additional 324,885 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in Gold Fields by 14.5% during the second quarter. Ritholtz Wealth Management now owns 37,935 shares of the company’s stock worth $565,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors and hedge funds own 26.02% 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.