Gold Fields Ltd. (GFI) Shares Down 2.1%
Gold Fields Ltd. (NYSE:GFI) dropped 2.1% during mid-day trading on Tuesday . The stock traded as low as $6.00 and last traded at $6.06, with a volume of 2,505,907 shares changing hands. The stock had previously closed at $6.19.
GFI has been the subject of several research reports. Goldman Sachs Group Inc. upgraded Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 price target for the company in a report on Friday, July 8th. Zacks Investment Research upgraded Gold Fields from a “sell” rating to a “buy” rating and set a $6.25 target price for the company in a report on Tuesday, July 12th. JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Royal Bank Of Canada upgraded Gold Fields from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $4.08 to $4.39 in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Finally, Citigroup Inc. restated a “sell” rating on shares of Gold Fields in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$4.50.
The firm’s market cap is $4.93 billion. The company has a 50-day moving average of $6.04 and a 200 day moving average of $4.63.
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.