Gold Fields Limited (GFI) Rating Lowered to Underweight at Morgan Stanley

Gold Fields Limited (NYSE:GFI) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Monday.

Several other research firms have also issued reports on GFI. Zacks Investment Research upgraded shares of Gold Fields Limited from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub upgraded shares of Gold Fields Limited from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Gold Fields Limited from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $3.44 to $3.41 in a report on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $3.41.

Gold Fields Limited (NYSE GFI) opened at 4.16 on Monday. The company’s 50-day moving average is $4.34 and its 200-day moving average is $3.87. The firm has a market cap of $3.42 billion, a PE ratio of 34.10 and a beta of -1.07. Gold Fields Limited has a one year low of $2.60 and a one year high of $4.70.

COPYRIGHT VIOLATION WARNING: This article was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://stocknewstimes.com/2017/10/11/gold-fields-limited-gfi-rating-lowered-to-underweight-at-morgan-stanley.html.

Several hedge funds have recently made changes to their positions in the company. Global X Management Co. LLC grew its position in shares of Gold Fields Limited by 1.5% during the 2nd quarter. Global X Management Co. LLC now owns 36,933 shares of the company’s stock worth $129,000 after buying an additional 542 shares during the period. CIBC World Markets Inc. grew its position in shares of Gold Fields Limited by 5.4% during the 2nd quarter. CIBC World Markets Inc. now owns 128,733 shares of the company’s stock worth $448,000 after buying an additional 6,550 shares during the period. U S Global Investors Inc. grew its position in shares of Gold Fields Limited 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 buying an additional 11,148 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Gold Fields Limited by 25.3% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 57,332 shares of the company’s stock worth $202,000 after buying an additional 11,570 shares during the period. Finally, Trust Co. of Vermont grew its position in shares of Gold Fields Limited by 209.0% during the 2nd quarter. Trust Co. of Vermont now owns 41,400 shares of the company’s stock worth $144,000 after buying an additional 28,000 shares during the period. 34.04% of the stock is owned by institutional investors.

About Gold Fields Limited

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.

Analyst Recommendations for Gold Fields Limited (NYSE:GFI)

Receive News & Ratings for Gold Fields Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply