Gold Fields (NYSE:GFI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Gold Fields (NYSE:GFI) had its price target hoisted by analysts at JPMorgan Chase & Co. from $17.10 to $18.80 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 24.50% from the company’s current price.

A number of other equities research analysts have also weighed in on GFI. StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.45.

Gold Fields Trading Down 1.2 %

GFI stock opened at $15.10 on Wednesday. Gold Fields has a twelve month low of $12.28 and a twelve month high of $18.97. The business’s fifty day simple moving average is $14.26 and its two-hundred day simple moving average is $15.24.

Hedge Funds Weigh In On Gold Fields

Large investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale increased its holdings in shares of Gold Fields by 8.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 119,470 shares of the company’s stock valued at $1,818,000 after acquiring an additional 9,470 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Gold Fields by 13.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock valued at $318,000 after purchasing an additional 2,480 shares in the last quarter. XTX Topco Ltd purchased a new position in Gold Fields in the second quarter valued at about $1,296,000. MQS Management LLC bought a new position in Gold Fields in the second quarter worth about $225,000. Finally, Sei Investments Co. lifted its position in shares of Gold Fields by 258.0% during the second quarter. Sei Investments Co. now owns 440,848 shares of the company’s stock valued at $6,569,000 after buying an additional 317,719 shares during the last quarter. Institutional investors own 24.81% 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.