Gold Fields Limited (GFI) Receives Price Target

Gold Fields Limited (GFI) : 2 investment research analysts covering Gold Fields Limited (GFI) have an average price target of $4.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $6 and the lowest target is $4 for the short term. Analysts expect the variance to be within $1.52 of the average price.

Gold Fields Limited (GFI) : Zacks Investment Research ranks Gold Fields Limited (GFI) as 3, which is a Hold recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 3, which indicates as a Hold.


Also, Major Brokerage house, JP Morgan upgrades its ratings on Gold Fields Limited (NYSE:GFI). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on July 12, 2016.

Gold Fields Limited (NYSE:GFI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.03 and $5.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.33, notching a gain of 5.96% for the day. The total traded volume was 9,219,294 . The stock had closed at $5.03 on the previous day.

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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