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Gold Fields Limited (NYSE: GFI): Blank Check For Growth?

Gold Fields Limited (NYSE:GFI) shares, rose in value on Wednesday, 05/24/23, with the stock price down by -1.99% to the previous day’s close as strong demand from buyers drove the stock to $14.74.

Actively observing the price movement in the last trading, the stock closed the session at $15.04, falling within a range of $14.59 and $15.31. The value of beta (5-year monthly) was 0.69 whereas the PE ratio was 18.54 over 12-month period. Referring to stock’s 52-week performance, its high was $17.78, and the low was $7.03. On the whole, GFI has fluctuated by -4.10% over the past month.

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The company’s Forward Dividend Ratio is 0.41, with its dividend yield at 2.77%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GFI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

11 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 6 analyst(s), 2 recommend it as a Buy and 1 called the GFI stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 2 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.

The stock’s technical analysis shows that the PEG ratio is about 2.18, with the price of GFI currently trading nearly -7.18% and 1.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.10, while the 7-day volatility ratio is showing 2.78% which for the 30-day chart, stands at 3.04%. Furthermore, Gold Fields Limited (GFI)’s beta value is 0.93, and its average true range (ATR) is 0.51. The company’s stock has been forecasted to trade at an average price of $14.69 over the course of the next 52 weeks, with a low of $10.92 and a high of $18.00. Based on these price targets, the low is 25.92% off current price, whereas the price has to move -22.12% to reach the yearly target high. Additionally, analysts’ median price of $14.50 is likely to be welcomed by investors because it represents an increase of 1.63% from the current levels.

A comparison of Gold Fields Limited (GFI) with its peers suggests the former has fared considerably weaker in the market. GFI showed an intraday change of -1.99% in last session, and over the past year, it grew by 26.20%%. In comparison, Compania de Minas Buenaventura S.A.A. (BVN) has moved lower at -2.10% on the day and was down -17.45% over the past 12 months. On the other hand, the price of Kellogg Company (K) has risen 0.01% on the day. The stock, however, is off 0.10% from where it was a year ago. Additionally, there is a loss of -2.62% for Agnico Eagle Mines Limited (AEM) in last trading while the stock has seen an overall depriciation of -3.24%% over the past year. The PE ratio stands at 18.54 for Gold Fields Limited, compared to 28.11 for Compania de Minas Buenaventura S.A.A., and 24.43 for Kellogg Company. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.73%. Meanwhile, the Dow Jones Industrial Slipped by -0.77%.

Data on historical trading for Gold Fields Limited (NYSE:GFI) indicates that the trading volumes over the past 10 days have averaged 4.79 million and over the past 3 months, they’ve averaged 6.10 million. According to company’s latest data on outstanding shares, there are 891.30 million shares outstanding.

Gold Fields Limited’s shares belong to company insiders and institutional investors own 34.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.71 million shares as on May 14, 2023, resulting in a short ratio of 2.04. According to the data, the short interest in Gold Fields Limited (GFI) stood at 1.31% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 11.45 million. The stock has risen by 42.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GFI stock heading into the next quarter.

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