Gold Fields (NYSE:GFI) Lifted to Market Perform at BMO Capital Markets

BMO Capital Markets upgraded shares of Gold Fields (NYSE:GFI) from an underperform rating to a market perform rating in a report released on Wednesday morning, MarketBeat Ratings reports. BMO Capital Markets currently has $14.00 price target on the stock, up from their prior price target of $13.50.

GFI has been the topic of a number of other reports. UBS Group downgraded Gold Fields from a buy rating to a neutral rating in a report on Wednesday, April 10th. StockNews.com upgraded Gold Fields from a hold rating to a buy rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised their target price on Gold Fields from $17.00 to $18.00 and gave the company a neutral rating in a report on Tuesday, May 28th. Finally, Scotiabank dropped their target price on Gold Fields from $18.00 to $17.00 and set a sector perform rating on the stock in a report on Friday, June 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $16.33.

Gold Fields Price Performance

Gold Fields stock opened at $14.91 on Wednesday. The stock’s 50-day moving average is $15.86 and its 200-day moving average is $15.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. Gold Fields has a 12 month low of $10.31 and a 12 month high of $18.97.

Institutional Investors Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently bought and sold shares of GFI. First Eagle Investment Management LLC purchased a new stake in Gold Fields during the 1st quarter worth approximately $85,326,000. Van ECK Associates Corp increased its holdings in Gold Fields by 6.6% during the 1st quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock worth $750,667,000 after purchasing an additional 2,934,943 shares during the last quarter. RWC Asset Advisors US LLC increased its holdings in Gold Fields by 19.3% during the 4th quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock worth $185,243,000 after purchasing an additional 2,070,427 shares during the last quarter. Deutsche Bank AG increased its holdings in Gold Fields by 3,507.0% during the 3rd quarter. Deutsche Bank AG now owns 1,272,869 shares of the company’s stock worth $13,823,000 after purchasing an additional 1,237,580 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Gold Fields by 145.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock worth $16,329,000 after purchasing an additional 669,819 shares during the last quarter. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

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.