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Gold Fields Limited Receives $3.50 Consensus PT from Analysts (NYSE:GFI) - The Legacy

Tuesday, 1 September 2015

Shares of Gold Fields Limited (NYSE:GFI) have been given an average rating of “Hold” by the nine research firms that are covering the company, Market Beat.com reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $3.50.

A number of equities analysts have commented on GFI shares. Scotiabank dropped their price target on Gold Fields Limited from $4.00 to $3.50 in a research report on Tuesday. HSBC upgraded Gold Fields Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, May 26th. Deutsche Bank upgraded Gold Fields Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Zacks upgraded Gold Fields Limited from a “sell” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Goldman Sachs upgraded Gold Fields Limited from a “sell” rating to a “neutral” rating in a research note on Monday, June 29th.

Gold Fields Limited (NYSE:GFI) traded down 4.95% on Wednesday, reaching $3.07. The company’s stock had a trading volume of 2,785,753 shares. Gold Fields Limited has a 1-year low of $2.42 and a 1-year high of $6.01. The company’s market capitalization is $2.39 billion. The firm’s 50 day moving average price is $2.89 and its 200-day moving average price is $3.60.

Gold Fields Limited (NYSE:GFI) 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 Company’s other projects include Salares Norte, Chile, and Far Southeast Project, Philippines.


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