Gold Fields (NYSE:GFI) Price Target Raised to $65.00

Gold Fields (NYSE:GFI) had its price target increased by JPMorgan Chase & Co. from $64.00 to $65.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also recently commented on GFI. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, October 10th. Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Scotiabank upped their price target on shares of Gold Fields from $30.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group downgraded Gold Fields from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Gold Fields currently has an average rating of “Hold” and a consensus price target of $42.25.

Gold Fields Stock Up 1.8%

Shares of NYSE:GFI opened at $52.22 on Tuesday. The business has a fifty day simple moving average of $44.53 and a 200-day simple moving average of $38.06. Gold Fields has a 52 week low of $15.97 and a 52 week high of $55.38.

Institutional Trading of Gold Fields

A number of institutional investors have recently added to or reduced their stakes in GFI. Penserra Capital Management LLC purchased a new position in Gold Fields in the second quarter valued at about $26,000. Country Trust Bank acquired a new stake in shares of Gold Fields in the second quarter valued at about $26,000. CIBC Private Wealth Group LLC raised its holdings in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after buying an additional 273 shares during the period. IFP Advisors Inc lifted its position in Gold Fields by 672.1% during the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock worth $37,000 after acquiring an additional 1,351 shares in the last quarter. Finally, Archer Investment Corp acquired a new position in Gold Fields during the 3rd quarter worth approximately $42,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.