Gold Fields Limited (NYSE:GFI) price is hovering higher on Tuesday, August 24, jumping 2.02% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $9.17, with intraday deals fluctuating between $8.95 and $9.26. The company’s 5Y monthly beta was ticking 0.61 while its P/E ratio in the trailing 12-month period read 8.63. Taking into account the 52-week price action we note that the stock hit a 52-week high of $14.90 and 52-week low of $8.11. The stock added 1.10% on its value in the past month.
Gold Fields Limited, which has a market valuation of $8.16 billion. The company stock has a Forward Dividend ratio of 0.31, while the dividend yield is 3.38%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GFI a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 11 analysts have assigned GFI a recommendation rating as follows: 6 rate it as a Hold; 5 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Gold Fields Limited (GFI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that GFI’s price is at present 1.98% off the SMA20 and 1.53% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.16, with weekly volatility standing at 3.28%. The indicator jumps to 3.07% when calculated based on the past 30 days. Gold Fields Limited (NYSE:GFI)’s beta value is holding at 0.69, while the average true range (ATR) indicator is currently reading 0.32. Considering analysts have assigned the stock a price target range of $9.04-$14.50 as the low and high respectively, we find the trailing 12-month average consensus price target to be $11.55. Based on this estimate, we see that today’s price at last check is roughly 3.32% off the estimated low and -55.08% off the forecast high. Investors will no doubt be excited to see the share price fall to $11.67, which is the median consensus price, and at that level GFI would be -24.81% from recent price.
Turning out attention to how the Gold Fields Limited stock has performed in comparison to its peers in the industry, here’s what we find: GFI’s stock is 2.02% on the day and -25.39% in the past 12 months, while Compania de Minas Buenaventura S.A.A. (BVN) traded 3.13% in the latest session and is positioned -50.63% down on its price 12 months ago. Another comparison is with Kellogg Company (K) whose stock price is down -0.82% in the current trading session, and has flourished -4.59% over the past year. Also, Agnico Eagle Mines Limited (AEM) is currently showing up trend of 0.09% while its price kept floating at -26.77% over the past year. As for Gold Fields Limited, the P/E ratio stands at 8.63 lower than that of Compania de Minas Buenaventura S.A.A.’s at 136.94 and Kellogg Company’s 16.98. Elsewhere in the market, the S&P 500 Index has rallied 0.19% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.11%.
An analysis of the Gold Fields Limited (NYSE:GFI) stock in terms of its daily trading volume indicates that the 3-month average is 7.53 million.
Current records show that the company has 886.89M in outstanding shares. The percentage share held by institutions stands at 35.70%. But the -1.08% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.