Zacks Investment Research upgraded shares of Gold Fields (NYSE:GFI) from a hold rating to a buy rating in a research report released on Tuesday morning. Zacks Investment Research currently has $4.75 price target on the stock.
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 research report on Thursday, November 30th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC World Markets Inc. lifted its position 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 valued at $448,000 after buying an additional 6,550 shares during the last quarter. U S Global Investors Inc. lifted its holdings in Gold Fields by 74.3% during the 2nd quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock worth $104,000 after purchasing an additional 11,148 shares during the last quarter. Timber Hill LLC acquired a new stake in Gold Fields during the 3rd quarter worth approximately $148,000. State Street Corp lifted its holdings in Gold Fields by 19.2% during the 2nd quarter. State Street Corp now owns 246,860 shares of the company’s stock worth $859,000 after purchasing an additional 39,717 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Gold Fields by 37.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 213,104 shares of the company’s stock worth $918,000 after purchasing an additional 57,963 shares during the last quarter. 33.73% of the stock is owned by institutional investors.
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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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