Gold Fields Ltd. (GFI) Trading Up 3.7%
Shares of Gold Fields Ltd. (NYSE:GFI) were up 3.7% on Thursday . The company traded as high as $5.97 and last traded at $5.88, with a volume of 2,549,774 shares. The stock had previously closed at $5.67.
A number of analysts have recently weighed in on GFI shares. Royal Bank Of Canada upgraded shares of Gold Fields from a “sector perform” rating to an “outperform” rating and increased their target price 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. Zacks Investment Research upgraded shares of Gold Fields from a “sell” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Tuesday, July 12th. Citigroup Inc. restated a “sell” rating on shares of Gold Fields in a report on Thursday, August 18th. Goldman Sachs Group Inc. upgraded shares of Gold Fields from a “neutral” rating to a “buy” rating and set a $5.34 price objective for the company in a report on Friday, July 8th. Finally, JPMorgan Chase & Co. upgraded shares of Gold Fields from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$4.50.
The firm’s market capitalization is $4.76 billion. The firm’s 50-day moving average price is $6.07 and its 200 day moving average price is $4.66.
The firm also recently announced a dividend, which will be paid on Thursday, September 22nd. Stockholders 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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