Bank of America Merrill Lynch Analysts Upgrade Gold Fields (GFI) Shares to "Buy"
Tuesday, June 28, 2021 1:40 PM

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Equities research analysts at Bank of America Merrill Lynch upgraded shares of Gold Fields (NYSE: GFI) from an "underperform" rating to a "buy" rating in a research note to investors on Tuesday.

Separately, analysts at Morgan Stanley (NYSE: MS) upgraded shares of Gold Fields from an "equal weight" rating to an "overweight" rating in a research note to investors on Thursday, June 2nd. Also, analysts at Zacks Investment Research upgraded shares of Gold Fields from an "underperform" rating to a "neutral" rating in a research note to investors on Thursday, May 26th.

Shares of Gold Fields traded up 3.04% during mid-day trading on Wednesday, hitting $14.22. Gold Fields has a 52 week low of $12.32 and a 52 week high of $18.70. The stock's 50-day moving average is $15.18 and its 200-day moving average is $16.68. The company has a market cap of $10.257 billion and a price-to-earnings ratio of 35.94.

Gold Fields Limited (Gold Fields) is a South Africa-based company. Gold Fields is a producer of gold and major holder of gold reserves in South Africa, Ghana, Australia and Peru. In Peru, Gold Fields also produces copper. Gold Fields is primarily involved in underground and surface gold and copper mining and related activities, including exploration, extraction, processing and smelting. Gold Fields also has an interest in a platinum group metal exploration project in Finland. Its South African operations are Driefontein, Kloof, Beatrix and South Deep. Gold Fields also owns the St. Ives and Agnew gold mining operations in Australia and has a 71.1% interest in each of the Tarkwa gold mine and the Damang gold mine in Ghana. Gold Fields also owns an 80.72% economic interest in the Cerro Corona mine. In addition, Gold Fields has gold and other precious metal exploration activities and interests in Africa, Eurasia, Australasia and the Americas.

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