Gold Fields (NYSE:GFI) Stock Rating Upgraded by Zacks Investment Research

Gold Fields (NYSE:GFI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Separately, ValuEngine lowered Gold Fields from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.19.

Shares of GFI traded up $0.39 during trading hours on Wednesday, hitting $7.18. The stock had a trading volume of 9,890,634 shares, compared to its average volume of 5,597,411. The firm has a market cap of $5.05 billion, a P/E ratio of 102.57 and a beta of -0.95. The company’s fifty day simple moving average is $6.32 and its 200 day simple moving average is $5.78. Gold Fields has a 12-month low of $3.57 and a 12-month high of $7.21.

A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in Gold Fields by 15.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,561 shares of the company’s stock valued at $83,000 after purchasing an additional 1,710 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Gold Fields by 12.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,491 shares of the company’s stock valued at $76,000 after purchasing an additional 1,752 shares during the period. US Bancorp DE raised its position in Gold Fields by 11.7% in the fourth quarter. US Bancorp DE now owns 17,447 shares of the company’s stock valued at $115,000 after purchasing an additional 1,823 shares during the period. Envestnet Asset Management Inc. raised its position in Gold Fields by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 89,776 shares of the company’s stock valued at $593,000 after purchasing an additional 1,883 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its position in Gold Fields by 4.6% in the third quarter. Vestmark Advisory Solutions Inc. now owns 49,468 shares of the company’s stock valued at $243,000 after purchasing an additional 2,182 shares during the period. 41.78% 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 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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