Gold Fields Ltd. (GFI) Trading Down 2.9%
Gold Fields Ltd. (NYSE:GFI)’s share price traded down 2.9% on Monday . The stock 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.
Several equities analysts recently weighed in on the stock. Citigroup Inc. restated a “sell” rating on shares of Gold Fields in a report on Thursday, August 18th. Zacks Investment Research upgraded shares of Gold Fields from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Monday, July 18th. JPMorgan Chase & Co. upgraded shares of Gold Fields from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Goldman Sachs Group Inc. upgraded shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 target price on the stock in a report on Friday, July 8th. Finally, Royal Bank Of Canada upgraded shares of Gold Fields from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $4.08 to $4.39 in a report on Wednesday, June 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Gold Fields currently has an average rating of “Hold” and an average target price of C$4.50.
The firm has a 50 day moving average price of $6.05 and a 200 day moving average price of $4.68. The company’s market capitalization is $4.19 billion.
The business also recently disclosed a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th will be issued a $0.028 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This is an increase from Gold Fields’s previous dividend of $0.01.
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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