Gold Fields (NYSE:GFI) Price Target Cut to $16.70 by Analysts at JPMorgan Chase & Co.

Gold Fields (NYSE:GFI) had its target price cut by JPMorgan Chase & Co. from $17.50 to $16.70 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently commented on GFI. Scotiabank dropped their price target on Gold Fields from $18.00 to $17.00 and set a sector perform rating on the stock in a research report on Friday, June 14th. UBS Group cut Gold Fields from a buy rating to a neutral rating in a research report on Wednesday, April 10th. StockNews.com upgraded Gold Fields from a hold rating to a buy rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets upgraded Gold Fields from an underperform rating to a market perform rating and boosted their price objective for the company from $13.50 to $14.00 in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Gold Fields currently has a consensus rating of Hold and an average target price of $15.90.

Gold Fields Price Performance

Shares of NYSE GFI opened at $15.27 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $15.75 and its two-hundred day moving average is $15.11. Gold Fields has a 12 month low of $10.31 and a 12 month high of $18.97.

Institutional Trading of Gold Fields

A number of large investors have recently bought and sold shares of GFI. First Eagle Investment Management LLC bought a new stake in Gold Fields in the first quarter valued at $85,326,000. Van ECK Associates Corp grew its position in Gold Fields by 6.6% in the first quarter. Van ECK Associates Corp now owns 47,241,502 shares of the company’s stock valued at $750,667,000 after acquiring an additional 2,934,943 shares during the period. RWC Asset Advisors US LLC grew its position in Gold Fields by 19.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock valued at $185,243,000 after acquiring an additional 2,070,427 shares during the period. Deutsche Bank AG boosted its stake in Gold Fields by 3,507.0% in the third quarter. Deutsche Bank AG now owns 1,272,869 shares of the company’s stock worth $13,823,000 after purchasing an additional 1,237,580 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Gold Fields by 145.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock worth $16,329,000 after purchasing an additional 669,819 shares in the last quarter. 26.02% of the stock is currently owned by institutional investors.

About Gold Fields

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.