Gold Fields (NYSE:GFI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, 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 cut Gold Fields from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Gold Fields has an average rating of “Hold” and an average target price of $5.19.
Shares of NYSE:GFI traded up $0.13 during midday trading on Tuesday, hitting $6.07. The company had a trading volume of 6,826,200 shares, compared to its average volume of 5,668,245. Gold Fields has a twelve month low of $3.48 and a twelve month high of $6.83. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 86.71 and a beta of -1.10. The business’s 50-day simple moving average is $6.06 and its 200-day simple moving average is $5.61.
Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in Gold Fields by 2,832.1% during the third quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock worth $32,000 after acquiring an additional 6,344 shares during the last quarter. Brookstone Capital Management acquired a new stake in Gold Fields during the third quarter worth $53,000. Sicart Associates LLC acquired a new stake in Gold Fields during the third quarter worth $57,000. Symmetry Partners LLC acquired a new stake in shares of Gold Fields in the third quarter valued at $64,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Gold Fields in the second quarter valued at $65,000. 42.25% of the stock is 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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