Gold Fields (NYSE:GFI - Get Free Report) had its target price cut by equities researchers at JPMorgan Chase & Co. from $18.00 to $17.10 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 23.11% from the stock's current price.
A number of other research analysts have also recently commented on the company. StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 5th. Scotiabank decreased their price objective on Gold Fields from $18.00 to $17.00 and set a "sector perform" rating on the stock in a report on Monday, August 26th. Bank of America assumed coverage on Gold Fields in a report on Monday, September 16th. They issued a "buy" rating and a $16.00 price objective on the stock. Finally, Investec upgraded Gold Fields from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Gold Fields currently has an average rating of "Hold" and a consensus price target of $16.03.
Get Our Latest Analysis on Gold Fields
Gold Fields Trading Down 1.7 %
GFI traded down $0.24 during trading hours on Friday, reaching $13.89. The company's stock had a trading volume of 1,762,531 shares, compared to its average volume of 2,794,316. Gold Fields has a fifty-two week low of $12.19 and a fifty-two week high of $18.97. The business's 50-day moving average is $15.64 and its 200-day moving average is $15.47.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Creative Planning lifted its stake in Gold Fields by 15.2% during the second quarter. Creative Planning now owns 54,242 shares of the company's stock worth $808,000 after purchasing an additional 7,155 shares in the last quarter. Bank of Montreal Can increased its position in shares of Gold Fields by 36.9% during the third quarter. Bank of Montreal Can now owns 263,575 shares of the company's stock worth $4,280,000 after acquiring an additional 71,094 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Gold Fields during the third quarter worth $1,052,000. International Assets Investment Management LLC purchased a new stake in shares of Gold Fields during the third quarter worth $10,600,000. Finally, Range Financial Group LLC purchased a new stake in shares of Gold Fields during the second quarter worth $1,243,000. 26.02% of the stock is currently owned by institutional investors and hedge funds.
About Gold Fields
(
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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.
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