Gold Fields Ltd. (GFI) Stock Price Up 6.4%
Gold Fields Ltd. (NYSE:GFI) shares 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 traded. The stock had previously closed at $5.03.
GFI has been the topic of a number of recent research reports. Royal Bank Of Canada raised shares of 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 research report on Wednesday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Gold Fields from a “sell” rating to a “buy” rating and set a $6.25 target price on the stock 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. Macquarie raised shares of Gold Fields from a “neutral” rating to an “outperform” rating in a research report on Friday. Finally, Goldman Sachs Group Inc. raised shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 target price on the stock in a research report on Friday, July 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$4.75.
The stock’s 50 day moving average is $6.00 and its 200-day moving average is $4.69. The company’s market cap is $4.53 billion.
The business also recently declared a dividend, which will be paid on Monday, September 12th. Stockholders 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 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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