Gold Fields’ (GFI) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Gold Fields (NYSE:GFI) in a report released on Friday morning, BayStreet.CA reports.

Several other analysts also recently issued reports on the company. Zacks Investment Research raised Gold Fields from a hold rating to a buy rating and set a $4.25 target price on the stock in a research note on Monday, May 6th. ValuEngine raised Gold Fields from a hold rating to a buy rating in a research note on Saturday, June 1st. Finally, BMO Capital Markets raised Gold Fields from a market perform rating to an outperform rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $4.14.

Shares of GFI opened at $5.39 on Friday. The business’s 50 day moving average is $5.49 and its 200 day moving average is $4.46. The company has a market capitalization of $4.72 billion, a PE ratio of 77.00 and a beta of -0.90. Gold Fields has a 12-month low of $2.20 and a 12-month high of $6.29. The company has a current ratio of 1.50, a quick ratio of 0.90 and a debt-to-equity ratio of 0.74.

A number of institutional investors and hedge funds have recently modified their holdings of GFI. Close Asset Management Ltd grew its holdings in Gold Fields by 347.7% during the 1st quarter. Close Asset Management Ltd now owns 10,350 shares of the company’s stock valued at $39,000 after buying an additional 8,038 shares in the last quarter. Concentrum Wealth Management purchased a new position in Gold Fields during the 1st quarter valued at approximately $40,000. Corient Capital Partners LLC purchased a new position in Gold Fields during the 1st quarter valued at approximately $45,000. F3Logic LLC purchased a new position in Gold Fields during the 1st quarter valued at approximately $50,000. Finally, Claro Advisors LLC purchased a new position in Gold Fields during the 2nd quarter valued at approximately $62,000. 44.19% of the stock is currently owned by institutional investors.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.

Recommended Story: What are the risks of holding treasury bonds?

Analyst Recommendations for Gold Fields (NYSE:GFI)

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit