Gold Fields Limited (NYSE:GFI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

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. “

Several other research firms have also recently weighed in on GFI. Goldman Sachs Group, Inc. (The) upgraded shares of Gold Fields Limited from a “sell” rating to a “neutral” rating and reduced their target price for the company from $3.44 to $3.41 in a research note on Thursday, June 29th. BidaskClub cut shares of Gold Fields Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3.71.

Gold Fields Limited (NYSE GFI) traded down 0.68% on Wednesday, hitting $4.40. The stock had a trading volume of 2,888,480 shares. The company’s 50 day moving average is $3.95 and its 200 day moving average is $3.62. Gold Fields Limited has a 12-month low of $2.60 and a 12-month high of $6.07. The firm has a market cap of $3.61 billion, a PE ratio of 36.36 and a beta of -1.03.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of Gold Fields Limited 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 buying an additional 25,935,929 shares in the last quarter. BlackRock Inc. boosted its position in shares of Gold Fields Limited by 1,114.7% in the first quarter. BlackRock Inc. now owns 57,107,933 shares of the company’s stock worth $201,591,000 after buying an additional 52,406,572 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Gold Fields Limited by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 34,627,933 shares of the company’s stock worth $120,477,000 after buying an additional 1,033,502 shares in the last quarter. Majedie Asset Management Ltd boosted its position in shares of Gold Fields Limited by 401.1% in the second quarter. Majedie Asset Management Ltd now owns 23,183,035 shares of the company’s stock worth $80,677,000 after buying an additional 18,557,035 shares in the last quarter. Finally, Ruffer LLP boosted its position in shares of Gold Fields Limited by 6.3% in the first quarter. Ruffer LLP now owns 9,104,912 shares of the company’s stock worth $34,087,000 after buying an additional 537,650 shares in the last quarter. Hedge funds and other institutional investors own 34.04% of the company’s stock.

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)

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