Zacks Investment Research lowered shares of Gold Fields (NYSE:GFI) from a buy rating to a hold rating in a research report report published 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 upgraded shares of Gold Fields from a hold rating to a buy rating in a report on Thursday, November 30th.
Several large investors have recently bought and sold shares of GFI. CIBC World Markets Inc. grew its stake 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 acquiring an additional 6,550 shares in the last quarter. AJO LP acquired a new position in shares of Gold Fields in the second quarter worth $3,211,000. BT Investment Management Ltd acquired a new position in shares of Gold Fields in the second quarter worth $6,547,000. Lazard Asset Management LLC acquired a new position in shares of Gold Fields in the second quarter worth $393,000. Finally, Van ECK Associates Corp grew its stake in shares of Gold Fields by 45.1% in the second quarter. Van ECK Associates Corp now owns 83,505,034 shares of the company’s stock worth $290,598,000 after acquiring an additional 25,935,929 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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