The stock of Gold Fields Limited (ADR) (NYSE:GFI) is a huge mover today! About 1.73 million shares traded hands. Gold Fields Limited (ADR) (NYSE:GFI) has risen 3.90% since March 4, 2016 and is uptrending. It has underperformed by 4.14% the S&P500.
The move comes after 8 months positive chart setup for the $3.28 billion company. It was reported on Oct, 7 by Barchart.com. We have $6.12 PT which if reached, will make NYSE:GFI worth $1.48B more.
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 rating was downgraded by Goldman Sachs to “Sell” on Thursday, March 24. The company was upgraded on Friday, January 15 by Goldman Sachs. RBC Capital Markets maintained the shares of GFI in a report on Thursday, November 19 with “Outperform” rating. Scotia Capital upgraded the stock to “Sector Perform” rating in Tuesday, September 1 report. The rating was upgraded by Howard Weil to “Sector Perform” on Monday, August 31. The stock of Gold Fields Limited (ADR) (NYSE:GFI) has “Neutral” rating given on Monday, September 14 by JP Morgan. The company was downgraded on Tuesday, March 15 by Macquarie Research. The stock of Gold Fields Limited (ADR) (NYSE:GFI) earned “Buy” rating by Goldman Sachs on Friday, July 8. RBC Capital Markets downgraded Gold Fields Limited (ADR) (NYSE:GFI) on Tuesday, December 1 to “Sector Perform” rating. Goldman Sachs upgraded the shares of GFI in a report on Monday, January 18 to “Neutral” rating.
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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