RBC Capital Markets Cuts Rating of Gold Fields Limited (NYSE:GFI) To a Sector Perform

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Gold Fields Limited (NYSE:GFI) Receives a Downgrade

The past rating for shares of Gold Fields Limited (NYSE:GFI) is now invalid as RBC Capital Markets has lowered Gold Fields Limited (NYSE:GFI)’s stock rating to a Sector Perform.

From a total of 6 analysts covering Gold Fields Limited (NYSE:GFI) stock, 2 rate it a ”Buy”, 2 a “Sell”, and 1 a ”Hold”. This means that 40% of the ratings are positive. Gold Fields Limited was the topic of 5 analyst reports since August 31, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets downgraded shares on December 1 to “Sector Perform” rating. Scotia Capital upgraded GFI stock in a recent report from September 1 to “Sector Perform” rating.

The stock increased 0.20% or $0.01 during the last trading session, striking $2.54. Approximately 42,500 shares of stock traded hands. Gold Fields Limited (ADR) (NYSE:GFI) has declined 43.65% since April 28, 2015 and is downtrending. It has underperformed by 42.03% the S&P500.

RBC Capital Markets Cuts Rating of Gold Fields Limited (NYSE:GFI) To a Sector Perform

Gold Fields Limited is a producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa. The company has a market cap of $1.97 billion. The Firm 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. It currently has negative earnings. In Ghana, it operates two mines, Tarkwa and Damang, which are located in south-western Ghana.

According to Zacks Investment Research, “Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia.” Get a free copy of the Zacks research report on Gold Fields Limited (ADR) (GFI)

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