JPMorgan Chase & Co. Lowers Gold Fields (NYSE:GFI) Price Target to $16.70

Gold Fields (NYSE:GFI) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $17.50 to $16.70 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 9.22% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, Scotiabank dropped their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.90.

Gold Fields Stock Up 2.3 %

Shares of GFI stock opened at $15.29 on Wednesday. The business’s fifty day moving average is $15.71 and its 200 day moving average is $15.11. Gold Fields has a twelve month low of $10.31 and a twelve month high of $18.97. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On Gold Fields

Several hedge funds have recently added to or reduced their stakes in GFI. Goldman Sachs Group Inc. lifted its holdings in shares of Gold Fields by 145.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock valued at $16,329,000 after purchasing an additional 669,819 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Gold Fields by 136.9% during the fourth quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock valued at $3,209,000 after purchasing an additional 128,262 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Gold Fields during the fourth quarter valued at $3,017,000. Wellington Management Group LLP bought a new position in shares of Gold Fields during the third quarter valued at $2,046,000. Finally, Capricorn Fund Managers Ltd bought a new position in shares of Gold Fields during the fourth quarter valued at $3,897,000. 26.02% of the stock is owned by institutional investors.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.