Zacks Investment Research cut shares of Gold Fields (NYSE:GFI) from a buy rating to a hold rating in a report issued on Monday, January 8th.
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 Gold Fields from a hold rating to a buy rating in a report on Thursday, November 30th.
Gold Fields (GFI) traded up $0.01 on Monday, hitting $4.29. The stock had a trading volume of 798,889 shares, compared to its average volume of 3,437,969. Gold Fields has a one year low of $2.86 and a one year high of $4.70.
Large investors have recently made changes to their positions in the stock. BT Investment Management Ltd purchased a new stake in shares of Gold Fields during the second quarter worth $6,547,000. Alps Advisors Inc. raised its holdings in Gold Fields by 14.0% during the third quarter. Alps Advisors Inc. now owns 1,021,556 shares of the company’s stock valued at $4,403,000 after buying an additional 125,765 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Gold Fields by 44.9% during the third 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. Aperio Group LLC raised its holdings in Gold Fields by 19.9% during the third quarter. Aperio Group LLC now owns 843,832 shares of the company’s stock valued at $3,637,000 after buying an additional 140,038 shares in the last quarter. Finally, Sensato Investors LLC bought a new position in Gold Fields during the second quarter valued at about $1,841,000. Institutional investors and hedge funds own 33.69% of the company’s stock.
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Gold Fields Company Profile
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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