Gold Fields Stock Rating Adjusted by StockNews.com

Gold Fields Limited (NYSE:GFI) recently experienced a shift in its stock rating, as analysts from StockNews.com lowered their evaluation from a "strong-buy" to a "buy" rating in a report released on Friday.

Analyst Ratings Overview

Several other financial institutions have also provided insights into Gold Fields’ stock performance. For instance, Bank of America initiated coverage on Gold Fields on September 16, rating the stock as a "buy" with a price target of $16.00. BMO Capital Markets upgraded its rating from "underperform" to "market perform", raising its price target from $13.50 to $14.00 on June 26. Additionally, JPMorgan Chase & Co. adjusted their price target downward from $17.50 to $16.70 while maintaining a "neutral" rating in their report dated July 3. Moreover, Scotiabank revised its price target for Gold Fields from $18.00 to $17.00, giving it a "sector perform" rating as of August 26. Lastly, Investec upgraded Gold Fields from a "hold" rating to a "buy" rating in a report released last Friday.

Current Consensus and Recommendations

Currently, the consensus rating for Gold Fields among analysts is categorized as "Hold", with an average price target set at $15.93. This evaluation reflects a diverse range of views, with one analyst indicating a sell rating, four assigning a hold rating, and three providing a buy rating.

Stock Performance Insights

As for the latest stock performance, Gold Fields saw an increase of $0.78 on Friday, bringing the share price to $18.02. The trading volume was noted at 3,437,747 shares, slightly below the average trading volume of 3,712,256. Gold Fields has recorded a 12-month low of $12.19, compared to a high of $18.97. The company currently holds a market capitalization of approximately $16.13 billion, with a PE ratio of 9.43 and a PEG ratio of 0.52.

Institutional Investors and Hedge Funds Activity

In recent times, various institutional investors and hedge funds have adjusted their stakes in Gold Fields. Notably, GAMMA Investing LLC boosted its holdings by 78.4% in the first quarter, now owning 3,098 shares valued at $49,000 following the acquisition of an additional 1,361 shares. LGT Fund Management Co Ltd. and Concurrent Investment Advisors LLC both made new investments in Gold Fields valued at $149,000 and $153,000, respectively. Additionally, Hennion & Walsh Asset Management Inc. increased its holdings by 10.4% in the second quarter, owning 11,538 shares worth $172,000. Currently, approximately 26.02% of the stock is owned by institutional investors.

Company Background

Gold Fields is a well-established gold producer with mining operations located in several regions, including Chile, South Africa, Ghana, Canada, Australia, and Peru. The company, founded in 1887, is headquartered in Sandton, South Africa, and also explores for copper and silver deposits.

Market Conclusions

As the stock market evolves, it is crucial for investors to stay updated with analyst sentiments and market trends. Gold Fields’ recent downgrade by StockNews.com indicates a shift in outlook that could influence investor decisions moving forward.

Gold, Stocks, Rating