Gold Fields (NYSE:GFI) Price Target Cut to $6.00 by Analysts at JPMorgan Chase & Co.

Gold Fields (NYSE:GFI) had its price objective trimmed by JPMorgan Chase & Co. from $6.20 to $6.00 in a research note released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently commented on GFI. ValuEngine cut shares of Gold Fields from a buy rating to a hold rating in a research report on Wednesday, August 21st. Zacks Investment Research cut shares of Gold Fields from a buy rating to a hold rating in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed a sector perform rating on shares of Gold Fields in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $4.64.

GFI traded down $0.21 during trading on Thursday, reaching $4.54. 679,186 shares of the stock traded hands, compared to its average volume of 8,746,740. The company has a quick ratio of 0.90, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $4.07 billion, a PE ratio of 65.79 and a beta of -1.05. The stock’s 50-day moving average is $5.68 and its 200 day moving average is $4.68. Gold Fields has a 12 month low of $2.30 and a 12 month high of $6.29.



Hedge funds have recently added to or reduced their stakes in the company. Close Asset Management Ltd boosted its position in shares of Gold Fields by 347.7% during the 1st quarter. Close Asset Management Ltd now owns 10,350 shares of the company’s stock worth $39,000 after purchasing an additional 8,038 shares in the last quarter. Concentrum Wealth Management bought a new position in shares of Gold Fields during the 1st quarter worth about $40,000. Corient Capital Partners LLC bought a new position in shares of Gold Fields during the 1st quarter worth about $45,000. F3Logic LLC bought a new position in Gold Fields in the 1st quarter valued at about $50,000. Finally, Claro Advisors LLC bought a new position in Gold Fields in the 2nd quarter valued at about $62,000. 43.41% of the stock is currently owned by institutional investors.

Gold Fields Company Profile

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.

Recommended Story: Street Name

Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.