Gold Fields (NYSE:GFI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.
According to Zacks, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. “
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A number of other research firms have also issued reports on GFI. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 31st. ValuEngine downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, BMO Capital Markets set a $3.00 price objective on shares of Gold Fields and gave the company a “sell” rating in a research report on Sunday, December 16th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $4.58.
Gold Fields stock traded up $0.03 during mid-day trading on Monday, reaching $3.65. 8,383,700 shares of the company’s stock were exchanged, compared to its average volume of 4,844,436. The firm has a market cap of $2.97 billion, a PE ratio of 15.21 and a beta of -1.00. Gold Fields has a twelve month low of $2.20 and a twelve month high of $4.29.
Several large investors have recently made changes to their positions in GFI. Brookstone Capital Management purchased a new stake in shares of Gold Fields in the 4th quarter valued at approximately $39,000. PNC Financial Services Group Inc. increased its position in shares of Gold Fields by 118.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,914 shares of the company’s stock valued at $49,000 after purchasing an additional 7,532 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gold Fields by 59.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,200 shares of the company’s stock valued at $64,000 after purchasing an additional 6,800 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Gold Fields by 780.7% in the 4th quarter. Quadrant Capital Group LLC now owns 28,729 shares of the company’s stock valued at $99,000 after purchasing an additional 25,467 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Gold Fields in the 3rd quarter valued at approximately $100,000. 38.32% of the stock is currently owned by institutional investors.
Gold Fields Company Profile
Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. The company engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. It holds interests in seven 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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