Gold Fields Ltd. (GFI) Stock Price Up 6.4%
Shares of Gold Fields Ltd. (NYSE:GFI) rose 6.4% during trading on Thursday . The company traded as high as $5.39 and last traded at $5.35, with a volume of 5,123,836 shares changing hands. The stock had previously closed at $5.03.
GFI has been the subject of a number of analyst reports. Goldman Sachs Group Inc. raised shares of Gold Fields from a “sell” rating to a “neutral” rating in a research note on Monday, June 27th. Zacks Investment Research lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. JPMorgan Chase & Co. raised shares of Gold Fields from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Citigroup Inc. reissued a “sell” rating on shares of Gold Fields in a research report on Thursday, August 18th. Finally, Royal Bank Of Canada raised shares of Gold Fields from a “sector perform” rating to an “outperform” rating and increased 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Gold Fields currently has a consensus rating of “Hold” and an average price target of C$4.50.
The firm’s market cap is $4.34 billion. The firm’s 50-day moving average is $6.02 and its 200 day moving average is $4.68.
The company also recently disclosed a dividend, which will be paid on Monday, September 12th. Investors of record on Friday, September 9th will be given a $0.037 dividend. This is an increase from Gold Fields’s previous dividend of $0.03. 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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