Gold Fields Ltd. (GFI) Stock Price Down 2.1%
Gold Fields Ltd. (NYSE:GFI) shares dropped 2.1% during mid-day trading on Tuesday . The company traded as low as $6.00 and last traded at $6.06, with a volume of 2,505,907 shares trading hands. The stock had previously closed at $6.19.
GFI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Gold Fields from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. Royal Bank Of Canada upgraded Gold Fields from a “sector perform” rating to an “outperform” rating and increased their target price 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. Goldman Sachs Group Inc. upgraded Gold Fields from a “sell” rating to a “neutral” rating in a research note on Monday, June 27th. JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Finally, Citigroup Inc. reissued a “sell” rating on shares of Gold Fields in a report on Thursday, August 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Gold Fields currently has an average rating of “Hold” and an average target price of C$4.50.
The firm’s 50 day moving average is $6.05 and its 200-day moving average is $4.64. The stock’s market cap is $4.65 billion.
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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