Gold Fields Limited (GFI) : Analyst Rating Update

Gold Fields Limited (GFI) : 4 analysts are covering Gold Fields Limited (GFI) and their average rating on the stock is 3.5, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Gold Fields Limited (GFI) : The most positive equity analysts on Gold Fields Limited (GFI) expects the shares to touch $5, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $4.23 with an expected fluctuation of $0.97 from the mean.

Gold Fields Limited (NYSE:GFI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.49 and $5.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.48, notching a gain of 3.98% for the day. The total traded volume was 6,191,106 . The stock had closed at $5.27 on the previous day.

Also, Equity Analysts at the RBC Capital upgrades the rating on Gold Fields Limited (NYSE:GFI). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Sector Perform. The rating by the firm was issued on June 22, 2016. The company shares have rallied 71.66% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $5.37 and the one year low was seen on Nov 18, 2015. The 50-Day Moving Average price is $4.22 and the 200 Day Moving Average price is recorded at $3.91.

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 Companys other projects include Salares Norte, Chile, and Far Southeast Project, Philippines.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *