Shares of Gold Fields Limited (GFI) Rally 4.24%

Gold Fields Limited (GFI) : Traders are bullish on Gold Fields Limited (GFI) as it has outperformed the S&P 500 by a wide margin of 31.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.7%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.24% in the last 1 week, and is up 36.89% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 18.88% and the 50-Day Moving Average is 32.85%.

Gold Fields Limited (NYSE:GFI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.86 and $5.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.90, notching a gain of 0.85% for the day. The total traded volume was 4,860,499 . The stock had closed at $5.85 on the previous day.


Institutional Investors own 42.64% of Gold Fields Limited shares.

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.

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