Gold Fields (NYSE:GFI) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Gold Fields (NYSE:GFI) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their price objective on Gold Fields from $17.50 to $16.70 and set a neutral rating for the company in a research report on Wednesday, July 3rd. Bank of America began coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a buy rating and a $16.00 target price on the stock. Scotiabank dropped their price target on shares of Gold Fields from $18.00 to $17.00 and set a sector perform rating for the company in a research report on Monday, August 26th. Finally, BMO Capital Markets upgraded shares of Gold Fields from an underperform rating to a market perform rating and lifted their price target for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $15.93.

Gold Fields Price Performance

Gold Fields stock opened at $16.24 on Wednesday. The stock’s 50 day moving average price is $15.30 and its 200 day moving average price is $15.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77. Gold Fields has a 1-year low of $10.31 and a 1-year high of $18.97.

Gold Fields Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a dividend of $0.1692 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 2.2%.

Hedge Funds Weigh In On Gold Fields

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in Gold Fields by 78.4% in the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock worth $49,000 after purchasing an additional 1,361 shares in the last quarter. Parallel Advisors LLC grew its position in Gold Fields by 51.7% in the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after purchasing an additional 1,662 shares during the last quarter. LGT Fund Management Co Ltd. bought a new position in Gold Fields in the 2nd quarter worth approximately $149,000. Concurrent Investment Advisors LLC bought a new stake in Gold Fields during the 2nd quarter valued at $153,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Gold Fields by 10.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after acquiring an additional 1,090 shares during the period. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.