Gold Fields (NYSE:GFI) Given New $65.00 Price Target at JPMorgan Chase & Co.

Gold Fields (NYSE:GFI) had its price objective raised by JPMorgan Chase & Co. from $64.00 to $65.00 in a research note published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms also recently commented on GFI. Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Sunday. Royal Bank Of Canada decreased their target price on shares of Gold Fields to $45.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Canaccord Genuity Group downgraded shares of Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a report on Monday, October 13th. Zacks Research cut shares of Gold Fields from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and a consensus price target of $42.25.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $52.85 on Tuesday. Gold Fields has a one year low of $15.76 and a one year high of $53.31. The business’s 50-day moving average price is $44.14 and its two-hundred day moving average price is $37.87.

Institutional Trading of Gold Fields

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbour Capital Advisors LLC lifted its holdings in shares of Gold Fields by 0.5% during the fourth quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock worth $2,201,000 after buying an additional 265 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the period. Bridgewater Advisors Inc. raised its stake in Gold Fields by 1.6% during the 3rd quarter. Bridgewater Advisors Inc. now owns 20,692 shares of the company’s stock valued at $868,000 after purchasing an additional 317 shares during the last quarter. CWM LLC boosted its holdings in Gold Fields by 24.7% in the 3rd quarter. CWM LLC now owns 2,086 shares of the company’s stock valued at $88,000 after purchasing an additional 413 shares during the period. Finally, Parallel Advisors LLC grew its position in Gold Fields by 6.0% in the 3rd quarter. Parallel Advisors LLC now owns 7,452 shares of the company’s stock worth $313,000 after purchasing an additional 421 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.