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Gold Fields Ltd. (NYSE:GFI) Given Average Recommendation of “Hold” by Brokerages - American Banking & Market News

Wednesday, 6 July 2016

Shares of Gold Fields Ltd. (NYSE:GFI) have earned an average rating of “Hold” from the seven ratings firms that are covering the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given 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 C$3.95.

Gold Fields (NYSE:GFI) traded up 3.321% during midday trading on Wednesday, reaching $5.445. The company’s stock had a trading volume of 4,593,143 shares. The stock has a 50 day moving average of $4.22 and a 200 day moving average of $3.91. The firm’s market capitalization is $4.23 billion. Gold Fields has a 52 week low of $2.04 and a 52 week high of $5.56.

Several research analysts recently weighed in on the company. Zacks Investment Research raised Gold Fields from a “sell” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Tuesday, April 26th. Royal Bank Of Canada raised Gold Fields from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $4.08 to $4.39 in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Goldman Sachs Group Inc. raised Gold Fields from a “sell” rating to a “neutral” rating in a research report on Monday, June 27th. Finally, Macquarie lowered Gold Fields from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 15th.

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company 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.

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