Gold Fields (GFI) Upgraded to Buy at Zacks Investment Research

Gold Fields (NYSE:GFI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $4.50 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 7.91% from the stock’s current price.

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 shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.

Gold Fields (GFI) traded up $0.12 during mid-day trading on Tuesday, reaching $4.17. 2,703,811 shares of the company traded hands, compared to its average volume of 6,381,277. Gold Fields has a fifty-two week low of $2.82 and a fifty-two week high of $4.70.

Large investors have recently modified their holdings of the stock. U S Global Investors Inc. lifted its position in shares of Gold Fields by 74.3% in the 2nd quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock valued at $104,000 after acquiring an additional 11,148 shares in the last quarter. Timber Hill LLC purchased a new stake in shares of Gold Fields in the 3rd quarter valued at approximately $148,000. Lazard Asset Management LLC purchased a new stake in shares of Gold Fields in the 2nd quarter valued at approximately $393,000. CIBC World Markets Inc. lifted its position in shares of Gold Fields by 5.4% in the 2nd quarter. CIBC World Markets Inc. now owns 128,733 shares of the company’s stock valued at $448,000 after acquiring an additional 6,550 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Gold Fields by 86.1% in the 2nd quarter. SG Americas Securities LLC now owns 147,700 shares of the company’s stock valued at $514,000 after acquiring an additional 68,325 shares in the last quarter. Institutional investors and hedge funds own 33.73% of the company’s stock.

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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.

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