Gold Fields Ltd. (GFI) Shares Down 2.9%
Gold Fields Ltd. (NYSE:GFI)’s share price was down 2.9% during trading on Monday . The company traded as low as $5.59 and last traded at $5.63, with a volume of 2,845,259 shares trading hands. The stock had previously closed at $5.80.
A number of equities analysts have recently commented on GFI shares. Goldman Sachs Group Inc. upgraded shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 price objective for the company in a research report on Friday, July 8th. Zacks Investment Research upgraded shares of Gold Fields from a “sell” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Tuesday, July 12th. JPMorgan Chase & Co. upgraded shares of Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Royal Bank Of Canada upgraded shares of Gold Fields from a “sector perform” rating to an “outperform” rating and raised their price objective for the company 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. restated a “sell” rating on shares of Gold Fields in a research report on Thursday, August 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$4.50.
The company has a 50-day moving average of $6.07 and a 200-day moving average of $4.66. The firm’s market cap is $4.55 billion.
The firm also recently announced a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th will be paid a $0.028 dividend. This is a positive change from Gold Fields’s previous dividend of $0.01. The ex-dividend date 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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