Shares of Gold Fields Limited (GFI) Sees Large Outflow of Money

Gold Fields Limited (GFI) : The total money flow in Gold Fields Limited (GFI) was negative ($0.57 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $0.81 million. Transactions on upticks were comparatively lower at $0.24 million. The uptick to downtick ratio was 0.3. The total block trades on downticks were valued at $0.61 million. The money flow during block trades was negative ($0.61 million) when the stock traded with a gain of $4 cent. Gold Fields Limited (GFI) was $5.92, an increase of 0.68% over the previous days close.


Also, JP Morgan upgrades its view on Gold Fields Limited (NYSE:GFI) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Underweight. The rating by the firm was issued on July 12, 2016.

Gold Fields Limited (NYSE:GFI): The stock opened at $5.89 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.93 for the day. The stock traded down to $5.53 during the day, due to lack of any buying support eventually closed down at $5.57 with a loss of -5.27% for the day. The stock had closed at $5.88 on the previous day. The total traded volume was 9,034,601 shares.

The stock has recorded a 20-day Moving Average of 6.96% and the 50-Day Moving Average is 22.9%.

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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