Zacks Investment Research lowered shares of Gold Fields (NYSE:GFI) from a buy rating to a hold rating in a report released on Monday, December 18th.
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, Deutsche Bank upgraded shares of Gold Fields from a hold rating to a buy rating in a report on Thursday, November 30th.
Shares of Gold Fields (NYSE GFI) traded up $0.15 on Monday, reaching $4.37. 3,490,000 shares of the company were exchanged, compared to its average volume of 3,762,645. Gold Fields has a one year low of $2.86 and a one year high of $4.70.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI lifted its holdings in Gold Fields by 44.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 597,948 shares of the company’s stock valued at $2,577,000 after buying an additional 185,196 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Gold Fields by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 36,205,793 shares of the company’s stock valued at $156,047,000 after purchasing an additional 1,577,860 shares during the period. Wells Fargo & Company MN increased its position in Gold Fields by 2,762.9% during the 3rd quarter. Wells Fargo & Company MN now owns 446,963 shares of the company’s stock valued at $1,926,000 after purchasing an additional 431,351 shares during the period. Majedie Asset Management Ltd increased its position in Gold Fields by 15.6% during the 3rd quarter. Majedie Asset Management Ltd now owns 26,795,190 shares of the company’s stock valued at $115,487,000 after purchasing an additional 3,612,155 shares during the period. Finally, Timber Hill LLC purchased a new position in Gold Fields during the 3rd quarter valued at about $148,000. Institutional investors own 33.73% of the company’s stock.
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About Gold Fields
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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