Gold Fields Limited (NYSE:GFI) has tumbled 1.6% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.95% in the last four weeks. The stocks have underperformed the S&P 500 by 0.42% during the past week but Gold Fields Limited (NYSE:GFI) it has outperformed the index in 4 weeks by 5.97%.
Gold Fields Limited (NYSE:GFI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.25 and $4.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.31, notching a gain of 1.41% for the day. The total traded volume was 32,725,193 . The stock had closed at $4.25 on the previous day.
The company shares have rallied 36.83% from its 1 Year high price. On May 2, 2016, the shares registered one year high at $4.76 and the one year low was seen on Nov 18, 2015. The 50-Day Moving Average price is $4.15 and the 200 Day Moving Average price is recorded at $3.71.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Goldman Sachs downgrades its outlook on Gold Fields Limited (NYSE:GFI). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on March 24, 2016. Institutional Investors own 42.05% of Gold Fields Limited shares.
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.