RBC Capital Upgrades Gold Fields Limited (ADR) to Outperform

Brokerage firm RBC Capital Upgrades its rating on Gold Fields Limited (ADR)(NYSE:GFI). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by RBC Capital was issued on Jun 22, 2016.

Gold Fields Limited (ADR) (GFI) shares turned negative on Mondays trading session with the shares closing down -0.01 points or -0.22% at a volume of 78,27,748. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.7. The peak price level was also seen at $4.7 while the days lowest was $4.48. Finally the shares closed at $4.63. The 52-week high of the shares is $4.8 while the 52-week low is $2.04. According to the latest information available, the market cap of the company is $3,618 M.

Gold Fields Limited (ADR)(GFI) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $0.02.

Gold Fields Limited (Gold Fields) is a producer of gold with eight operating mines in Australia Ghana Peru and South Africa. The Company in Australia operates four mines that include St Ives an operation consisting of a mix of owner mined open pit and underground operations; Agnew/Lawlers a mine located in the Norseman-Wiluna Greenstone Belt; Granny Smith a mine located within the Yilgarn Craton and Darlot a mine located in the Eastern Goldfields Province of the Yilgarn Craton. In Ghana it operates two mines Tarkwa and Damang which are located in south-western Ghana. In Peru it operates Cerro Corona mine which is located 1.5 kilometers west-northwest of the village of Hualgayoc and around 600 kilometers north-northwest of the capital city Lima. In South Africa it operates South Deep Gold Mine located in the districts of Westonaria and Vanderbijlpark (Gauteng province). The Company’s other projects include Salares Norte Chile and Far Southeast Project Philippines.

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