Gold Fields (NYSE:GFI) Trading 8% Higher
Shares of Gold Fields Limited (NYSE:GFI) traded up 8% during mid-day trading on Tuesday . The company traded as high as $5.92 and last traded at $5.82, 7,211,050 shares traded hands during mid-day trading. An increase of 13% from the average session volume of 6,381,212 shares. The stock had previously closed at $5.39.
A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Gold Fields in a report on Friday, August 16th. Zacks Investment Research raised shares of Gold Fields from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Monday, May 6th. ValuEngine cut shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, BMO Capital Markets raised shares of Gold Fields from a “market perform” rating to an “outperform” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.14.
The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 82.29 and a beta of -0.90. The stock’s 50 day moving average is $5.52 and its 200 day moving average is $4.49. The company has a current ratio of 1.50, a quick ratio of 0.90 and a debt-to-equity ratio of 0.74.
Gold Fields Company Profile (NYSE:GFI)
Gold Fields Limited operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, and Peru. It holds interests in 7 operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 49 million ounces and mineral resources of approximately 104 million ounces.
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