NEW YORK (TheStreet) -- Shares of Gold Fields Ltd. (GFI) finished the day in the red, down by 2.55% to $3.06 on Tuesday afternoon as some mining and related stocks reacted negatively to the slight decline in gold prices.
The yellow metal moved lower as the Fed began its two-day policy setting meeting. It is expected that the central bank will leave interest rates unchanged but investors will look for clues as to a timeframe for the anticipated increase, MarketWatch reports.
Gold for August delivery is down by 0.41% to $1,181 per ounce on the COMEX this afternoon.
So far today, 3.34 million shares of Gold Fields have exchanged hands as compared to its average daily volume of 4.00 million shares.
Gold Fields is a South African gold mining company, one of the largest in the world. Gold Fields has operations in South Africa, Peru, Australia and Ghana.
Separately, TheStreet Ratings team rates GOLD FIELDS LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOLD FIELDS LTD (GFI) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins and weak operating cash flow."