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Gold Fields (NYSE:GFI) Upgraded to "Buy" by StockNews.com

Defense World ·  Sep 22, 2022 04:02

StockNews.com upgraded shares of Gold Fields (NYSE:GFI – Get Rating) from a hold rating to a buy rating in a research note published on Wednesday morning.

Separately, Investec upgraded Gold Fields from a hold rating to a buy rating in a research note on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $13.77.

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Gold Fields Trading Up 1.2 %

Shares of GFI opened at $7.52 on Wednesday. Gold Fields has a 12 month low of $7.24 and a 12 month high of $17.20. The stock has a fifty day moving average price of $8.65 and a 200-day moving average price of $11.19. The company has a current ratio of 2.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

Gold Fields Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 16th will be issued a $0.172 dividend. The ex-dividend date is Thursday, September 15th. This represents a dividend yield of 3.4%.

Hedge Funds Weigh In On Gold Fields

Institutional investors and hedge funds have recently modified their holdings of the stock. National Asset Management Inc. acquired a new position in shares of Gold Fields in the 1st quarter valued at about $339,000. Capital Fund Management S.A. acquired a new position in shares of Gold Fields in the 1st quarter valued at about $411,000. Profund Advisors LLC lifted its holdings in shares of Gold Fields by 17.2% in the 1st quarter. Profund Advisors LLC now owns 95,189 shares of the company's stock valued at $1,472,000 after buying an additional 13,988 shares during the period. OneAscent Financial Services LLC acquired a new position in shares of Gold Fields in the 1st quarter valued at about $190,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Gold Fields in the 1st quarter valued at about $287,000. Institutional investors and hedge funds own 26.34% of the company's stock.

About Gold Fields

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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.

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