Gold Fields (GFI) Downgraded to "Sell" at Zacks Investment Research

Gold Fields (NYSE: GFI) was downgraded by Zacks Investment Research from a "hold" to a "sell" According to Zacks, "Gold Fields Limited is the only one in the world. one of the largest uncovered gold producers in the world with operating mines in South Africa, Ghana and Australia ".

Further research on ValuEngine shares recently ranked Gold Fields from a "sell" note to a "hold" note in a report released Monday, while Macquarie downgraded Gold Fields to a note from "outperform" to "neutral" in a report. On Thursday, April 26th, Bank of America raised Gold Fields from an "underperformance" rating to a "buy" rating and set a price target of $ 5.00 for the company in a report on Friday the 13th. April. target on Gold Fields from $ 7.06 to $ 6 .31 and establish an "Overweight" rating for the company in a report on Monday, April 9th. Finally, Royal Bank of Canada has upgraded Gold Fields from an "underperforming" rating to a "performing sector" rating in a report released on Tuesday, April 3rd. An investment badyst has badigned a sales note to the stock, five have issued a caution rating and three have issued a note to buy to the stock. The action has an average rating of "Hold" and a consensus target price of $ 5.35

Gold Fields shares opened at $ 3.52 on Wednesday, according to Marketbeat. The company has a debt ratio of 0.47, a ratio of 1.30 and a ratio of 0.84. Gold Fields has a one-year low of $ 3.42 and a 1-year high of $ 4.70. The company has a market capitalization of $ 2.93 billion, a price / earnings ratio of 14.67 and a beta of -0.89.

A number of institutional investors have recently added or reduced their holdings in GFI. Verition Fund Management LLC raised its holdings in Gold Fields by 139.1% in the first quarter. Verition Fund Management LLC now holds 24,810 shares of the Company valued at $ 100,000 following the acquisition of an additional 14,433 shares during the period. Jefferies Group LLC has acquired a new stake in Gold Fields in the fourth quarter worth $ 108,000. Quantitative Investment Management LLC has acquired a new stake in Gold Fields in the fourth quarter worth $ 129,000. First Republic Investment Management Inc. lifted its Gold Fields holdings by 97.2% in the first quarter. First Republic Investment Management Inc. now holds 41,600 shares of the Company valued at $ 167,000 after acquiring 20,500 additional shares during the period. Lastly, First Trust Advisors LP raised its holdings in Gold Fields by 152.7% in the fourth quarter. First Trust Advisors LP now holds 56,700 shares of the Company valued at $ 244,000 after acquiring an additional 34,258 shares during the period. 33.42% of the stock is held by institutional investors.

About Gold Fields

Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia and Peru. The company carries out underground and surface mining activities, as well as copper-related activities and surface mining, including exploration, extraction, processing and smelting. It holds interests in seven operating mines with an annual gold equivalent production of approximately 2.2 million ounces, as well as gold reserves of approximately 49 million gold. Ounces and Mineral Resources Of About 104 Million Ounces

Zacks Research Report On Gold Fields (GFI)

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