Worth Watching: Will Gold Fields Limited (ADR) Short Squeeze Soon?

Worth Watching: Will Gold Fields Limited (ADR) Short Squeeze Soon?

The stock of Gold Fields Limited (ADR) (NYSE:GFI) is a huge mover today! About 6.57 million shares traded hands or 12.89% up from the average. Gold Fields Limited (ADR) (NYSE:GFI) has risen 22.76% since March 1, 2016 and is uptrending. It has outperformed by 13.52% the S&P500.
The move comes after 7 months negative chart setup for the $3.63 billion company. It was reported on Oct, 4 by Barchart.com. We have $4.14 PT which if reached, will make NYSE:GFI worth $254.10M less.

Gold Fields Limited (ADR) (NYSE:GFI) Ratings Coverage

Out of 6 analysts covering Gold Fields Limited (NYSE:GFI), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Gold Fields Limited has been the topic of 10 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Goldman Sachs given on Friday, July 8. The firm has “Sell” rating given on Thursday, March 24 by Goldman Sachs. The stock has “Sector Perform” rating given by Scotia Capital on Tuesday, September 1. On Tuesday, March 15 the stock rating was downgraded by Macquarie Research to “Neutral”. RBC Capital Markets downgraded the shares of GFI in a report on Tuesday, December 1 to “Sector Perform” rating. The rating was upgraded by Goldman Sachs to “Neutral” on Monday, January 18. The firm has “Neutral” rating given on Monday, September 14 by JP Morgan. The firm has “Sector Perform” rating by Howard Weil given on Monday, August 31. The firm earned “Neutral” rating on Friday, January 15 by Goldman Sachs. As per Thursday, November 19, the company rating was maintained by RBC Capital Markets.

According to Zacks Investment Research, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia.”

Another recent and important Gold Fields Limited (ADR) (NYSE:GFI) news was published by Marketwatch.com which published an article titled: “Gold Fields upgraded to outperform from sector perform at RBC Capital” on December 21, 2009.

GFI Company Profile

Gold Fields Limited (Gold Fields), incorporated on May 3, 1968, is a gold mining company. The Firm is a producer of gold and a holder of gold reserves. The Firm is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru. It operates through four divisions: South Africa, Ghana, Australia and Peru. The Company’s South African operation is South Deep. Gold Fields also owns the St. Ives mine, the Agnew mine and the Yilgarn South Assets in Australia, and has an interest in each of the Tarkwa gold mine and the Damang gold mine in Ghana. Gold Fields also owns an economic interest in the Cerro Corona mine. In Peru, Gold Fields also produces copper. In addition, Gold Fields has gold and other precious metal exploration activities and interests in Africa, Eurasia, Australasia and the Americas. Gold Fields has attributable proven and probable gold and copper reserves of approximately 46.1 million ounces of gold and over 530 million pounds of copper.

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