JP Morgan Upgrades Gold Fields Limited (ADR) to Neutral

Brokerage firm JP Morgan Upgrades its rating on Gold Fields Limited (ADR)(NYSE:GFI). The shares have been rated Neutral. Previously, the analysts had a Underweight rating on the shares. The rating by JP Morgan was issued on Jul 12, 2016.

In a different note, On Jun 22, 2016, RBC Capital said it Upgrades its rating on Gold Fields Limited (ADR). The shares have been rated ‘Outperform’ by the firm.

Gold Fields Limited (ADR) (GFI) made into the market gainers list on Fridays trading session with the shares advancing 0.85% or 0.05 points. Due to strong positive momentum, the stock ended at $5.9, which is also near the day’s high of $5.985. The stock began the session at $5.86 and the volume stood at 48,60,499 shares. The 52-week high of the shares is $6.13 and the 52 week low is $2.04. The company has a current market capitalization of $4,610 M and it has 78,13,87,430 shares in outstanding.

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.

Comments (0)

Leave a Reply

Your email address will not be published.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