Gold Fields (NYSE:GFI) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a research report report published on Wednesday.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Gold Fields from $17.50 to $16.70 and set a neutral rating for the company in a report on Wednesday, July 3rd. BMO Capital Markets upgraded shares of Gold Fields from an underperform rating to a market perform rating and boosted their target price for the company from $13.50 to $14.00 in a research report on Wednesday, June 26th. Scotiabank reduced their price target on shares of Gold Fields from $18.00 to $17.00 and set a sector perform rating for the company in a report on Monday, August 26th. Finally, Bank of America started coverage on shares of Gold Fields in a report on Monday, September 16th. They set a buy rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $15.93.

Gold Fields Stock Up 0.5 %

Shares of Gold Fields stock opened at $16.24 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $15.30 and a two-hundred day moving average price of $15.75. Gold Fields has a 1-year low of $10.31 and a 1-year high of $18.97.

Gold Fields Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a $0.1692 dividend. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 13th.

Institutional Investors Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently made changes to their positions in GFI. Creative Planning boosted its stake in Gold Fields by 15.2% during the 2nd quarter. Creative Planning now owns 54,242 shares of the company’s stock valued at $808,000 after purchasing an additional 7,155 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Gold Fields by 28.7% during the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after buying an additional 581,730 shares during the last quarter. AQR Capital Management LLC grew its holdings in Gold Fields by 8.0% during the second quarter. AQR Capital Management LLC now owns 49,462 shares of the company’s stock worth $737,000 after buying an additional 3,673 shares in the last quarter. Marshall Wace LLP purchased a new stake in Gold Fields in the 2nd quarter valued at $1,898,000. Finally, Sei Investments Co. lifted its stake in Gold Fields by 258.0% during the 2nd quarter. Sei Investments Co. now owns 440,848 shares of the company’s stock valued at $6,569,000 after acquiring an additional 317,719 shares in the last quarter. 26.02% of the stock is owned by institutional investors.

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.