Gold Fields Limited (GFI) Receives ‘Analyst’ Rating

Gold Fields Limited (GFI) : The consensus on Gold Fields Limited (GFI) based on 2 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Gold Fields Limited (GFI) : The most positive equity analysts on Gold Fields Limited (GFI) expects the shares to touch $6, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $4.69 with an expected fluctuation of $1.33 from the mean.


Also, Equity analysts at the Brokerage firm JP Morgan upgrades its rating on Gold Fields Limited (NYSE:GFI). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on July 12, 2016.

Gold Fields Limited (NYSE:GFI): The stock opened in the green at $4.92 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $5.01 and a low of $4.77 for the day. The stock did not find buyers even at the lows and closed at $4.91 recording a loss of -1.60%. 4,567,699 shares exchanged hands during the trading day. The stock had closed at $4.99 in the previous days trading.

Gold Fields Limited (Gold Fields) is a producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa. The Company in Australia operates four mines that include St Ives, an operation consisting of a mix of owner mined open pit and underground operations; Agnew/Lawlers, a mine located in the Norseman-Wiluna Greenstone Belt; Granny Smith, a mine located within the Yilgarn Craton, and Darlot, a mine located in the Eastern Goldfields Province of the Yilgarn Craton. In Ghana, it operates two mines, Tarkwa and Damang, which are located in south-western Ghana. In Peru, it operates Cerro Corona mine, which is located 1.5 kilometers west-northwest of the village of Hualgayoc and around 600 kilometers north-northwest of the capital city Lima. In South Africa, it operates South Deep Gold Mine, located in the districts of Westonaria and Vanderbijlpark (Gauteng province). The Companys other projects include Salares Norte, Chile, and Far Southeast Project, Philippines.

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