Gold Fields (NYSE:GFI) had its price objective reduced by investment analysts at JPMorgan Chase from $7.06 to $6.31 in a research report issued on Monday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase’s target price would indicate a potential upside of 61.79% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada upgraded Gold Fields from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 3rd. Morgan Stanley upgraded Gold Fields from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 20th. Zacks Investment Research downgraded Gold Fields from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, HSBC upgraded Gold Fields from a “reduce” rating to a “hold” rating in a report on Friday, January 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Gold Fields has an average rating of “Hold” and a consensus price target of $5.53.
Shares of NYSE GFI opened at $3.90 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. Gold Fields has a 1-year low of $3.06 and a 1-year high of $4.70. The stock has a market cap of $3,203.98, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.99 and a beta of -0.85.
WARNING: “JPMorgan Chase Lowers Gold Fields (GFI) Price Target to $6.31” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3343340/jpmorgan-chase-lowers-gold-fields-gfi-price-target-to-6-31.html.
About Gold Fields
Gold Fields Limited produces gold and holds gold reserves in South Africa, Ghana, Australia, and Peru. It engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. The company holds interests in eight operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as mineral reserves of approximately 48 million ounces and mineral resources of approximately 101 million ounces.
Receive News & Ratings for Gold Fields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields and related companies with MarketBeat.com's FREE daily email newsletter.