Gold Fields Limited (GFI) Cut to Underweight at Morgan Stanley

Morgan Stanley downgraded shares of Gold Fields Limited (NYSE:GFI) from an equal weight rating to an underweight rating in a research report report published on Monday morning, The Fly reports.

Several other research analysts also recently issued reports on GFI. Zacks Investment Research upgraded Gold Fields Limited from a sell rating to a hold rating in a research report on Wednesday, August 30th. Goldman Sachs Group, Inc. (The) upgraded Gold Fields Limited from a sell rating to a neutral rating and cut their price objective for the stock from $3.44 to $3.41 in a research report on Thursday, June 29th. Finally, BidaskClub downgraded Gold Fields Limited from a buy rating to a hold rating in a research report on Friday, June 16th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $3.41.

Gold Fields Limited (NYSE GFI) opened at 4.05 on Monday. The firm’s 50 day moving average price is $4.34 and its 200-day moving average price is $3.87. Gold Fields Limited has a one year low of $2.60 and a one year high of $4.70. The firm has a market cap of $3.33 billion, a PE ratio of 33.20 and a beta of -1.07.

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The business also recently disclosed a semiannual dividend, which was paid on Thursday, September 21st. Investors of record on Friday, September 8th were given a dividend of $0.0303 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a dividend yield of 1.4%.

Several institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its position in shares of Gold Fields Limited by 45.1% during the 2nd quarter. Van ECK Associates Corp now owns 83,505,034 shares of the company’s stock worth $290,598,000 after purchasing an additional 25,935,929 shares during the last quarter. BlackRock Inc. raised its position in shares of Gold Fields Limited by 1,114.7% during the 1st quarter. BlackRock Inc. now owns 57,107,933 shares of the company’s stock worth $201,591,000 after purchasing an additional 52,406,572 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gold Fields Limited by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 34,627,933 shares of the company’s stock worth $120,477,000 after purchasing an additional 1,033,502 shares during the last quarter. Majedie Asset Management Ltd raised its position in shares of Gold Fields Limited by 401.1% during the 2nd quarter. Majedie Asset Management Ltd now owns 23,183,035 shares of the company’s stock worth $80,677,000 after purchasing an additional 18,557,035 shares during the last quarter. Finally, GAM Holding AG raised its position in shares of Gold Fields Limited by 12.9% during the 2nd quarter. GAM Holding AG now owns 3,669,053 shares of the company’s stock worth $12,768,000 after purchasing an additional 419,053 shares during the last quarter. Hedge funds and other institutional investors own 34.04% of the company’s stock.

Gold Fields Limited Company Profile

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.

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