JPMorgan Chase & Co. Has Lowered Expectations for Gold Fields (NYSE:GFI) Stock Price

Gold Fields (NYSE:GFI) had its target price reduced by analysts at JPMorgan Chase & Co. from $75.00 to $55.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 71.88% from the company’s previous close.

Other analysts have also issued research reports about the company. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Royal Bank Of Canada cut their target price on shares of Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Scotiabank reduced their target price on shares of Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a report on Tuesday. Finally, Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and raised their price target for the stock from $40.25 to $57.25 in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.75.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $32.00 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average price is $37.08 and its two-hundred day moving average price is $44.80. Gold Fields has a one year low of $23.86 and a one year high of $61.64.

Institutional Investors Weigh In On Gold Fields

Several hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in shares of Gold Fields in the first quarter valued at $25,000. CIBC Private Wealth Group LLC lifted 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 buying an additional 273 shares during the period. Bayforest Capital Ltd boosted its stake in Gold Fields by 1,106.7% in the 4th quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after buying an additional 996 shares during the last quarter. Arax Advisory Partners boosted its stake in Gold Fields by 352.6% in the 4th quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock worth $50,000 after buying an additional 885 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in Gold Fields by 24.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock valued at $68,000 after buying an additional 300 shares during the period. 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.