Gold Fields Limited (NYSE:GFI): Here’s What’s Really Going On

The trading price of Gold Fields Limited (NYSE:GFI) closed lower on Tuesday, Apr 06, closing at $10.24, -0.1% lower than its previous close.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Traders who pay close attention to intraday price movement should know that it fluctuated between $10.03 and $10.39. The company’s P/E ratio in the trailing 12-month period was 12.72, while its 5Y monthly beta was 0.75. In examining the 52-week price action we see that the stock hit a 52-week high of $14.9 and a 52-week low of $5.34. Over the past month, the stock has gained 9.18% in value.

On the technical side, indicators suggest GFI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% 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 13. Out of them, 6 rate it a Hold, while 6 recommend Buy, whereas 1 assign an Outperform rating. None analyst(s) have tagged Gold Fields Limited (GFI) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that GFI’s price is currently 6.97% off the SMA20 and 10.14% off the SMA50. The RSI metric on the 14-day chart is currently showing 61.02, and weekly volatility stands at 3.65%. When measured over the past 30 days, the indicator reaches 3.98%. Gold Fields Limited (NYSE:GFI)’s beta value is currently sitting at 0.75, while the Average True Range indicator is currently displaying 0.44. With analysts defining $9.58-$15 as the low and high price targets, we arrive at a consensus price target of $11.98 for the trailing 12-month period. The current price is about -6.35% off the estimated low and 46.63% off the forecast high, based on this estimate. Investors will be thrilled if GFI’s share price rises to $11.86, which is the median consensus price. At that level, GFI’s share price would be +15.93% above current price.

To see how Gold Fields Limited stock has been performing in comparison to its peers in the industry, here are the numbers: GFI stock’s performance was -0.1% in the latest trading, and +96.35% in the past year, while Barrick Gold Corp (GOLD) has traded +1.21% on the day and positioned +4.66% higher than it was a year ago. Another comparable company Franco Nev Corp (FNV) saw its stock close 0.93% higher in the most recent trading session but was up +22.24% in a year. Furthermore, Agnico-Eagle Mines Ltd (AEM) showed a decline of -0.1% on the day while its price kept rising at 96.35% over the past year. Gold Fields Limited has a P/E ratio of 12.72, compared to Barrick Gold Corp’s 15.98 and Franco Nev Corp’s 77.17. Also in last trading session, the S&P 500 Index has soared -0.1%, while the Dow Jones Industrial also saw a negative seesion, down -0.29% on the day.

An evaluation of the daily trading volume of Gold Fields Limited (NYSE:GFI) indicates that the 3-month average is 6.89 Million. However, this figure has declined over the past 10 days to an average of 6.32 Million.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Currently, records show that 883.33 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 38.29%. The stats also highlight that short interest as of March 14, 2021, stood at 5.49 Million shares, resulting in a short ratio of 0.73 at that time. From this, we can conclude that short interest is 0.62% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 5.56 Million. However, since the stock’s price has seen +10.36% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free

We do not sell or share your information with anyone.

We save you valuable time every morning with our early morning newsletter!... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.