Gold Fields (NYSE:GFI) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $6.20 to $6.00 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 22.08% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Gold Fields in a research report on Friday, August 16th. ValuEngine lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Zacks Investment Research lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $4.64.
GFI remained flat at $$4.92 during trading on Thursday. 6,951,729 shares of the company’s stock were exchanged, compared to its average volume of 6,624,168. The company has a market capitalization of $4.15 billion, a P/E ratio of 70.21 and a beta of -1.05. The company has a current ratio of 1.61, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. The stock has a 50-day simple moving average of $5.68 and a two-hundred day simple moving average of $4.68. Gold Fields has a twelve month low of $2.25 and a twelve month high of $6.29.
Several hedge funds have recently added to or reduced their stakes in the company. Close Asset Management Ltd raised its position in Gold Fields by 347.7% in the first quarter. Close Asset Management Ltd now owns 10,350 shares of the company’s stock valued at $39,000 after purchasing an additional 8,038 shares during the period. Concentrum Wealth Management acquired a new position in shares of Gold Fields in the first quarter worth $40,000. Claro Advisors LLC acquired a new position in shares of Gold Fields in the second quarter worth $62,000. Corient Capital Partners LLC acquired a new position in shares of Gold Fields in the first quarter worth $45,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Gold Fields in the second quarter worth $65,000. 43.41% of the stock is currently owned by hedge funds and other institutional investors.
About Gold Fields
Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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