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Gold Fields Limited (GFI) Lowered to “Underperform” at Royal Bank of Canada

Tuesday, 25 April 2017

Royal Bank of Canada downgraded shares of Gold Fields Limited (NYSE:GFI) from a sector perform rating to an underperform rating in a research report sent to investors on Monday.

Several other research firms have also recently commented on GFI. Zacks Investment Research cut shares of Gold Fields Limited from a hold rating to a sell rating in a research report on Monday, April 17th. JPMorgan Chase & Co. raised shares of Gold Fields Limited from a neutral rating to an overweight rating in a research report on Friday, March 3rd. HSBC Holdings plc raised shares of Gold Fields Limited from a reduce rating to a hold rating in a research report on Monday, March 13th. Finally, Goldman Sachs Group Inc cut shares of Gold Fields Limited to a hold rating in a research report on Saturday, March 11th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $4.58.

Gold Fields Limited (NYSE:GFI) traded down 1.94% during midday trading on Monday, hitting $3.53. 5,104,898 shares of the company traded hands. Gold Fields Limited has a 12-month low of $2.60 and a 12-month high of $6.60. The company has a market capitalization of $2.90 billion and a price-to-earnings ratio of 17.65. The stock’s 50-day moving average price is $3.56 and its 200 day moving average price is $3.49.

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Gold Fields Limited by 7,158.0% in the third quarter. Tower Research Capital LLC TRC now owns 20,903 shares of the company’s stock valued at $101,000 after buying an additional 20,615 shares during the last quarter. Creative Planning raised its stake in shares of Gold Fields Limited by 511.5% in the first quarter. Creative Planning now owns 34,245 shares of the company’s stock valued at $121,000 after buying an additional 28,645 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Gold Fields Limited during the third quarter valued at about $139,000. Comerica Bank raised its stake in shares of Gold Fields Limited by 18.6% in the fourth quarter. Comerica Bank now owns 47,091 shares of the company’s stock valued at $162,000 after buying an additional 7,382 shares during the last quarter. Finally, Tudor Investment Corp Et Al raised its stake in shares of Gold Fields Limited by 237.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 65,032 shares of the company’s stock valued at $196,000 after buying an additional 45,772 shares during the last quarter.

Gold Fields Limited Company Profile

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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