Price Don’t Lie: What’s Next for Gold Fields Limited (ADR) After Today’s Huge Decline?

Price Don't Lie: What's Next for Gold Fields Limited (ADR) After Today's Huge Decline?

The stock of Gold Fields Limited (ADR) (NYSE:GFI) is a huge mover today! About 2.04M shares traded hands. Gold Fields Limited (ADR) (NYSE:GFI) has risen 3.43% since March 11, 2016 and is uptrending. It has underperformed by 2.03% the S&P500.
The move comes after 6 months negative chart setup for the $3.45 billion company. It was reported on Oct, 14 by We have $3.69 PT which if reached, will make NYSE:GFI worth $310.50M 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 “Sector Perform” rating given on Monday, August 31 by Howard Weil. The rating was upgraded by Scotia Capital to “Sector Perform” on Tuesday, September 1. The firm has “Sell” rating by Goldman Sachs given on Thursday, March 24. The firm has “Neutral” rating given on Friday, January 15 by Goldman Sachs. Goldman Sachs upgraded the stock to “Neutral” rating in Monday, January 18 report. The stock of Gold Fields Limited (ADR) (NYSE:GFI) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, December 1. The company was downgraded on Monday, September 14 by JP Morgan. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 19. Goldman Sachs upgraded the shares of GFI in a report on Friday, July 8 to “Buy” rating. As per Tuesday, March 15, the company rating was downgraded by Macquarie Research.

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.”

More news for Gold Fields Limited (ADR) (NYSE:GFI) were recently published by:, which released: “Gold Fields upgraded to outperform from sector perform at RBC Capital” on December 21, 2009.‘s article titled: “Mid-Morning Market Update: Markets Open Lower; Alcoa Misses Q3 Views” and published on October 11, 2016 is yet another important article.

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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