Gold Fields Ltd. (GFI) Sees Strong Trading Volume
Gold Fields Ltd. (NYSE:GFI) saw strong trading volume on Friday . 4,956,945 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 4,559,368 shares.The stock last traded at $5.92 and had previously closed at $5.76.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Goldman Sachs Group Inc. upgraded Gold Fields from a “sell” rating to a “neutral” rating in a report on Monday, June 27th. JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Citigroup Inc. reiterated a “sell” rating on shares of Gold Fields in a report on Thursday, August 18th. Finally, Royal Bank Of Canada upgraded Gold Fields from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $4.08 to $4.39 in a report on Wednesday, June 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Gold Fields has a consensus rating of “Hold” and a consensus target price of C$4.50.
The company’s market cap is $4.76 billion. The firm has a 50-day moving average of $6.06 and a 200 day moving average of $4.64.
The firm also recently announced a dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Friday, September 9th will be paid a dividend of $0.028 per share. 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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