Gold Fields Limited (NYSE: GFI) Jumps 2.75 Percent In Recent Trading, What Questions Do You Have?

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The trading price of Gold Fields Limited (NYSE:GFI) floating higher at last check on Tuesday, August 02, closing at $9.53, 2.75% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $9.16 and $9.40. The company’s P/E ratio in the trailing 12-month period was 10.51, while its 5Y monthly beta was 0.42. In examining the 52-week price action we see that the stock hit a 52-week high of $17.20 and a 52-week low of $7.75. Over the past month, the stock has gained 1.75% in value.

Gold Fields Limited, whose market valuation is $8.30 billion at the time of this writing. The dividend yield on the company stock is 3.45%, while its Forward Dividend ratio is 0.32. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Gold Fields Limited No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest GFI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GFI a recommendation rating is 9. Out of them, 5 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Gold Fields Limited (GFI) as Underweight, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that GFI’s price is currently 5.91% off the SMA20 and -0.98% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.19, and weekly volatility stands at 3.69%. When measured over the past 30 days, the indicator reaches 4.07%. Gold Fields Limited (NYSE:GFI)’s beta value is currently sitting at 0.71, while the Average True Range indicator is currently displaying 0.40. With analysts defining $8.91-$13.00 as the low and high price targets, we arrive at a consensus price target of $11.03 for the trailing 12-month period. The current price is about 6.51% off the estimated low and -36.41% off the forecast high, based on this estimate. Investors will be thrilled if GFI’s share price rises to $11.31, which is the median consensus price. At that level, GFI’s share price would be -18.68% below current price.

To see how Gold Fields Limited stock has been performing today in comparison to its peers in the industry, here are the numbers: GFI stock’s performance was 2.75% at last check in today’s session, and -5.50% in the past year, while Compania de Minas Buenaventura S.A.A. (BVN) has been trading 7.49% in recent session and positioned -35.35% lower than it was a year ago. Another comparable company Kellogg Company (K) saw its stock trading -1.10% lower in today’s session but was up 17.96% in a year. Furthermore, Agnico Eagle Mines Limited (AEM) showed an increase of 2.42% today while its price kept declining at -33.61% over the past year. Gold Fields Limited has a P/E ratio of 10.51, compared to Compania de Minas Buenaventura S.A.A.’s 7.38 and Kellogg Company’s 16.65. Also during today’s trading, the S&P 500 Index has plunged -0.10%, while the Dow Jones Industrial also saw a negative session, down -0.54% today.

An evaluation of the daily trading volume of Gold Fields Limited (NYSE:GFI) indicates that the 3-month average is 9.29 million. However, this figure has increased over the past 10 days to an average of 6.14 million.

Currently, records show that 887.72 million of the company’s shares remain outstanding. The institutions hold 28.40%. The stats also highlight that short interest as of Jul 14, 2022, stood at 39.86 million shares, resulting in a short ratio of 4.29 at that time. From this, we can conclude that short interest is 4.47% of the company’s total outstanding shares. It is noteworthy that short shares in July were up slightly from the previous month’s figure, which was 34.01 million. However, since the stock’s price has seen -15.56% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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