Price Target Update on Gold Fields Limited (NYSE:GFI)

Gold Fields Limited (NYSE:GFI) : The most positive equity analysts on Gold Fields Limited (NYSE:GFI) expects the shares to touch $5, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $4.07 with an expected fluctuation of $0.69 from the mean.

Other Equity analysts have also commented 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.

Gold Fields Limited (NYSE:GFI): On Thursdays trading session , Opening price of the stock was $4.2 with an intraday high of $4.32. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.13. However, the stock managed to close at $4.24, a loss of 2.30% for the day. On the previous day, the stock had closed at $4.34. The total traded volume of the day was 5,033,210 shares.

The company shares have rallied 36.91% 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 $4.12 and the 200 Day Moving Average price is recorded at $3.76.

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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