Gold Fields (NYSE:GFI) gapped down prior to trading on Thursday . The stock had previously closed at $3.82, but opened at $3.73. Gold Fields shares last traded at $3.72, with a volume of 1969072 shares traded.
Several research firms recently commented on GFI. Zacks Investment Research downgraded Gold Fields from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. HSBC upgraded Gold Fields from a “reduce” rating to a “hold” rating in a report on Friday, January 19th. JPMorgan Chase reduced their price objective on Gold Fields from $7.06 to $6.31 and set an “overweight” rating for the company in a report on Monday, April 9th. Royal Bank of Canada upgraded Gold Fields from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 3rd. Finally, Morgan Stanley upgraded Gold Fields from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 20th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.35.
The firm has a market capitalization of $3,245.05, a P/E ratio of 15.46, a PEG ratio of 1.88 and a beta of -0.85. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.47.
About Gold Fields
Gold Fields Limited produces gold and holds gold reserves in South Africa, Ghana, Australia, and Peru. It engages in underground and surface gold and surface copper mining and related activities, including exploration, extraction, processing, and smelting. The company holds interests in eight operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as mineral reserves of approximately 48 million ounces and mineral resources of approximately 101 million ounces.
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