Gold Fields (NYSE:GFI) Given New $17.10 Price Target at JPMorgan Chase & Co.

Gold Fields (NYSE:GFI) had its target price reduced by JPMorgan Chase & Co. from $18.00 to $17.10 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

GFI has been the subject of several other research reports. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Scotiabank reduced their price target on shares of Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. Bank of America initiated coverage on shares of Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 price target for the company. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.03.

Gold Fields Price Performance

Gold Fields stock opened at $13.89 on Friday. Gold Fields has a 12 month low of $12.19 and a 12 month high of $18.97. The company has a market cap of $12.43 billion, a PE ratio of 6.61, a P/E/G ratio of 0.41 and a beta of 1.13. The company has a fifty day moving average price of $15.64 and a two-hundred day moving average price of $15.47.

Institutional Investors Weigh In On Gold Fields

Several institutional investors have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC raised its position in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after acquiring an additional 850 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after acquiring an additional 1,090 shares in the last quarter. Sierra Summit Advisors LLC raised its position in Gold Fields by 8.6% in the second quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock worth $348,000 after acquiring an additional 1,857 shares in the last quarter. Quantinno Capital Management LP raised its position in Gold Fields by 11.1% in the third quarter. Quantinno Capital Management LP now owns 21,205 shares of the company’s stock worth $326,000 after acquiring an additional 2,118 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Gold Fields by 1.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company’s stock worth $1,929,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 26.02% of the company’s stock.

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.