Gold Fields (NYSE:GFI) Upgraded to “Market Perform” at BMO Capital Markets

Gold Fields (NYSE:GFI) was upgraded by equities research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $14.00 target price on the stock, up from their prior target price of $13.50. BMO Capital Markets’ price objective suggests a potential downside of 8.44% from the company’s previous close.

Several other research analysts also recently commented on the company. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. UBS Group downgraded shares of Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Scotiabank dropped their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Gold Fields from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Gold Fields has a consensus rating of “Hold” and a consensus target price of $16.33.

Gold Fields Trading Up 0.9 %

Shares of NYSE GFI opened at $15.29 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. Gold Fields has a 1 year low of $10.31 and a 1 year high of $18.97. The company has a 50 day simple moving average of $15.92 and a 200 day simple moving average of $15.11.

Institutional Investors Weigh In On Gold Fields

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new position in shares of Gold Fields in the fourth quarter valued at $26,000. Tower Research Capital LLC TRC raised its stake in shares of Gold Fields by 133.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company’s stock valued at $68,000 after acquiring an additional 2,668 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Gold Fields by 51.7% during the fourth 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 period. QRG Capital Management Inc. bought a new stake in shares of Gold Fields in the third quarter worth about $116,000. Finally, MQS Management LLC purchased a new position in Gold Fields during the 3rd quarter valued at about $125,000. 26.02% of the stock is 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.