Gold Fields (NYSE:GFI) Given New $64.00 Price Target at JPMorgan Chase & Co.
JPMorgan Chase & Co. increased Gold Fields' price target from $62.00 to $64.00, maintaining an "overweight" rating. This suggests a potential upside of 53.33% from the previous close. The stock has a consensus rating of "Moderate Buy" with a consensus price target of $42.13. Gold Fields' shares rose 0.9% to $41.74, with institutional investors adjusting their stakes.
Gold Fields (NYSE:GFI - Get Free Report) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $62.00 to $64.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 53.33% from the stock's previous close.
- Gold Stocks Shine as Prices Hit Record Highs—Top 3 Picks
GFI has been the subject of several other reports. Citigroup boosted their price objective on shares of Gold Fields from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Wednesday, November 26th. Capital One Financial set a $32.00 target price on shares of Gold Fields in a report on Friday, August 22nd. Canaccord Genuity Group cut shares of Gold Fields from a "buy" rating to a "hold" rating and set a $39.00 price target for the company. in a research report on Monday, October 13th. Investec lowered Gold Fields from a "buy" rating to a "hold" rating in a research report on Friday, October 10th. Finally, Zacks Research raised Gold Fields from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.13.
Check Out Our Latest Stock Analysis on Gold Fields
Gold Fields Trading Up 0.9%
- Gold Rush: Exploring 5 Sector Giants Amidst Soaring Prices
Shares of Gold Fields stock traded up $0.36 during trading hours on Wednesday, reaching $41.74. 828,423 shares of the company's stock were exchanged, compared to its average volume of 3,502,327. Gold Fields has a 52-week low of $12.98 and a 52-week high of $47.18. The company has a fifty day moving average of $40.85 and a 200-day moving average of $32.54.
Hedge Funds Weigh In On Gold Fields
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC lifted its holdings in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company's stock worth $36,000 after purchasing an additional 273 shares during the period. Archer Investment Corp acquired a new position in shares of Gold Fields in the 3rd quarter valued at $42,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Gold Fields during the third quarter valued at approximately $45,000. Country Trust Bank purchased a new position in shares of Gold Fields during the second quarter valued at $26,000. Finally, Penserra Capital Management LLC acquired a new position in shares of Gold Fields in the 2nd quarter valued at about $26,000. 24.81% of the stock is owned by institutional investors.
About Gold Fields
(Get Free Report)- Alamos Gold And Gold Fields Spearhead Gold Price Surge
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.
Recommended Stories
- Five stocks we like better than Gold Fields
- Stock Dividend Cuts Happen Are You Ready?
- The Bulls Are Back—Why Qualcomm Stock Is Gaining Strength Again
- Differences Between Momentum Investing and Long Term Investing
- Netflix Goes All In: The $70B Play to End the Streaming Wars
- Expert Stock Trading Psychology Tips
- The Most Festive Christmas Stores in the U.S., According to Poll [2025]
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Gold Fields Right Now?
Before you consider Gold Fields, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gold Fields wasn't on the list.
While Gold Fields currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
