Gold Fields Limited (GFI) has risen sharply, recording gains of 8.33% in the past 4 weeks. However, the stock has corrected -0.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Gold Fields Ltd. is up 58.06% in the last 3-month period. Year-to-Date the stock performance stands at 130.75%. The stock has recorded a 20-day Moving Average of 2.3% and the 50-Day Moving Average is 15.94%.
Gold Fields Limited (NYSE:GFI): The stock opened at $6.29 on Friday but the bulls could not build on the opening and the stock topped out at $6.42 for the day. The stock traded down to $6.21 during the day, due to lack of any buying support eventually closed down at $6.37 with a loss of -0.78% for the day. The stock had closed at $6.42 on the previous day. The total traded volume was 4,317,112 shares.
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 (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.