Gold Fields (NYSE:GFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
According to Zacks, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. “
Separately, Deutsche Bank raised Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, November 30th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. U S Global Investors Inc. increased its holdings in shares of Gold Fields by 74.3% in the second quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock worth $104,000 after buying an additional 11,148 shares during the period. Global X Management Co. LLC increased its holdings in shares of Gold Fields by 1.5% in the second quarter. Global X Management Co. LLC now owns 36,933 shares of the company’s stock worth $129,000 after buying an additional 542 shares during the period. Timber Hill LLC purchased a new position in shares of Gold Fields in the third quarter worth about $148,000. Lazard Asset Management LLC purchased a new position in shares of Gold Fields in the second quarter worth about $393,000. Finally, CIBC World Markets Inc. increased its holdings in shares of Gold Fields by 5.4% in the second quarter. CIBC World Markets Inc. now owns 128,733 shares of the company’s stock worth $448,000 after buying an additional 6,550 shares during the period. Hedge funds and other institutional investors own 33.79% of the company’s stock.
WARNING: “Zacks Investment Research Lowers Gold Fields (GFI) to Hold” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://sportsperspectives.com/2017/12/18/zacks-investment-research-lowers-gold-fields-gfi-to-hold.html.
About Gold Fields
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.