Short Term Price Target on Gold Fields Limited (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 $4.23 with an expected fluctuation of $0.97 from the mean.

Shares of Gold Fields Ltd. rose by 15.57% in the last five trading days and 32.79% for the last 4 weeks. Gold Fields Ltd. is up 23.12% in the last 3-month period. Year-to-Date the stock performance stands at 77.5%. Also, RBC Capital 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 Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Sector Perform. The rating by the firm was issued on June 22, 2016.

Gold Fields Limited (NYSE:GFI) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gold Fields Limited (NYSE:GFI). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Hold with a rating of 3.5.

Gold Fields Limited (NYSE:GFI): The stock opened at $4.88 on Thursday but the bulls could not build on the opening and the stock topped out at $4.95 for the day. The stock traded down to $4.84 during the day, due to lack of any buying support eventually closed down at $4.90 with a loss of -0.20% for the day. The stock had closed at $4.91 on the previous day. The total traded volume was 4,470,077 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.

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