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Gold Fields Limited (NYSE:GFI) Receives Average Rating of “Hold” from Brokerages - American Banking & Market News

Wednesday, 13 January 2016

Shares of Gold Fields Limited (NYSE:GFI) have received an average rating of “Hold” from the nine brokerages that are presently covering the company, reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $3.02.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Gold Fields Limited from a “buy” rating to a “hold” rating in a research report on Monday, November 23rd. RBC Capital restated an “outperform” rating on shares of Gold Fields Limited in a research report on Thursday, November 19th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Gold Fields Limited in a research report on Thursday, October 15th.

Gold Fields Limited (NYSE:GFI) traded down 4.890% during midday trading on Wednesday, reaching $3.015. The company’s stock had a trading volume of 2,941,953 shares. Gold Fields Limited has a 1-year low of $2.04 and a 1-year high of $6.01. The firm’s market capitalization is $2.34 billion. The firm has a 50 day moving average price of $2.72 and a 200 day moving average price of $2.78.

Gold Fields Limited (NYSE:GFI) last released its quarterly earnings data on Thursday, November 19th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $699.20 million. On average, analysts predict that Gold Fields Limited will post $0.09 EPS for the current year.

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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