Gold Fields (NYSE:GFI – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.
Separately, BMO Capital Markets increased their price objective on shares of Gold Fields from $10.50 to $11.50 and gave the company a “market perform” rating in a research note on Wednesday, November 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Gold Fields currently has an average rating of “Hold” and an average price target of $13.40.
Gold Fields Trading Down 1.1 %
NYSE GFI opened at $10.48 on Friday. Gold Fields has a 12 month low of $7.03 and a 12 month high of $17.20. The company’s fifty day moving average price is $9.91 and its two-hundred day moving average price is $9.16.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. CAPROCK Group Inc. lifted its position in shares of Gold Fields by 11.6% in the 3rd quarter. CAPROCK Group Inc. now owns 12,008 shares of the company’s stock worth $97,000 after buying an additional 1,245 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Gold Fields by 100.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock worth $25,000 after buying an additional 1,376 shares during the last quarter. Ethic Inc. lifted its position in shares of Gold Fields by 5.3% in the 3rd quarter. Ethic Inc. now owns 28,671 shares of the company’s stock worth $232,000 after buying an additional 1,453 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Gold Fields by 5.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 29,016 shares of the company’s stock worth $449,000 after buying an additional 1,566 shares during the last quarter. Finally, Aigen Investment Management LP lifted its position in shares of Gold Fields by 7.7% in the 3rd quarter. Aigen Investment Management LP now owns 23,703 shares of the company’s stock worth $192,000 after buying an additional 1,690 shares during the last quarter. 28.41% of the stock is currently owned by institutional investors.
About Gold Fields
Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.
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Read More:Gold Fields (NYSE:GFI) Stock Rating Lowered by StockNews.com
2022-12-24 08:14:29
