Gold Fields Ltd. (GFI) Sees Large Volume Increase
Gold Fields Ltd. (NYSE:GFI) shares saw unusually-high trading volume on Friday . Approximately 4,956,945 shares traded hands during trading, an increase of 9% from the previous session’s volume of 4,559,368 shares.The stock last traded at $5.92 and had previously closed at $5.76.
GFI has been the topic of several recent analyst reports. Goldman Sachs Group Inc. raised Gold Fields from a “sell” rating to a “neutral” rating in a research report on Monday, June 27th. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. JPMorgan Chase & Co. raised Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Royal Bank Of Canada raised Gold Fields from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $4.08 to $4.39 in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Finally, Citigroup Inc. reaffirmed a “sell” rating on shares of Gold Fields in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$4.50.
The firm has a 50-day moving average price of $6.07 and a 200-day moving average price of $4.66. The firm’s market cap is $4.76 billion.
The company also recently declared a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th will be issued a $0.028 dividend. This is an increase from Gold Fields’s previous dividend of $0.01. The ex-dividend date of this dividend is Wednesday, September 7th.
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.
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