Gold Fields (NYSE:GFI) Given New $55.00 Price Target at JPMorgan Chase & Co.

Gold Fields (NYSE:GFI) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $75.00 to $55.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 71.15% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Sunday. Canaccord Genuity Group upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and raised their target price for the company from $40.25 to $57.25 in a research note on Friday, April 24th. Scotiabank cut their price target 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. Zacks Research raised Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Gold Fields currently has an average rating of “Hold” and a consensus price target of $47.75.

Gold Fields Price Performance

GFI stock traded down $0.85 during trading on Thursday, hitting $32.13. 2,077,012 shares of the company’s stock traded hands, compared to its average volume of 3,526,375. The business has a fifty day simple moving average of $37.59 and a two-hundred day simple moving average of $44.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.79. Gold Fields has a 1 year low of $23.41 and a 1 year high of $61.64.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GFI. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Gold Fields by 43.7% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 245,035 shares of the company’s stock valued at $10,698,000 after buying an additional 74,539 shares during the last quarter. Sigma Planning Corp increased its stake in Gold Fields by 203.7% during the fourth quarter. Sigma Planning Corp now owns 55,407 shares of the company’s stock valued at $2,419,000 after acquiring an additional 37,161 shares during the period. PKO Investment Management Joint Stock Co increased its stake in Gold Fields by 11.9% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 319,496 shares of the company’s stock valued at $13,949,000 after acquiring an additional 34,000 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Gold Fields by 39.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after acquiring an additional 1,714,442 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Gold Fields by 4.8% in the 4th quarter. Gabelli Funds LLC now owns 392,100 shares of the company’s stock worth $17,119,000 after acquiring an additional 18,100 shares during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

About Gold Fields

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.