Gold Fields (NYSE:GFI – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.
A number of other equities research analysts have also weighed in on GFI. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, October 18th. JPMorgan Chase & Co. raised shares of Gold Fields from an “underweight” rating to a “neutral” rating and set a $14.00 target price on the stock in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Gold Fields currently has a consensus rating of “Hold” and an average target price of $15.00.
Gold Fields Stock Down 0.8 %
Shares of Gold Fields stock opened at $15.87 on Friday. The stock’s fifty day moving average is $14.12 and its two-hundred day moving average is $13.61. Gold Fields has a 52 week low of $8.89 and a 52 week high of $17.78.
Hedge Funds Weigh In On Gold Fields
Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its stake in Gold Fields by 100.8% during the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock worth $25,000 after buying an additional 1,376 shares in the last quarter. IFP Advisors Inc boosted its stake in Gold Fields by 900.0% during the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $28,000 after purchasing an additional 1,800 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in Gold Fields during the 4th quarter worth $31,000. Bartlett & Co. LLC acquired a new stake in Gold Fields during the 3rd quarter worth $49,000. Finally, Chiron Investment Management LLC acquired a new stake in Gold Fields during the 1st quarter worth $68,000. 20.99% 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, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.