Gold Fields Limited (NYSE:GFI) does about 8.40M shares in volume on a normal day but saw 8155786 shares change hands in Friday trading. The company now has a market cap of 11.03B USD. Its current market price is $13.39, marking an increase of 6.86% compared to the previous close of $12.53. The 52 week high reached by this stock is $14.40 whilst the lowest price level in 52 weeks is $3.79. The script in recent trading has seen the stock touch a high of $13.495 and a low of $12.79.
Gold Fields Limited (GFI) has a 20-day trading average at $12.74 and the current price is -6.98% off the 52-week high compared with 253.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.53 and its 200-day simple moving average is $7.76. If we look at the stock’s price movements over the week, volatility stands at 4.80%, which increases to 4.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.90 to suggest the stock is neutral.
10 analysts observing the Gold Fields Limited (GFI) stock have set the 12-month price targets for the company’s shares at between $6.85 and $16.33. The consensus objective for the share price is $13.61, suggesting that the stock has a potential upside of 1.62% over the period. The median price target is -2.76% away from the current levels at $13.03.
FactSet Research has provided data showing that 10 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 5 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 22, 2020 when JP Morgan upgraded the stock to “Overweight” and issued a price target of. BofA/Merrill also upgraded the stock to “Buy” from Neutral on April 21, 2020 at a price target of.
The current price level is 5.23%, 17.30%, and 73.39% away from its SMA20, SMA50, and SMA200 respectively, with the GFI price moving below the 50-day SMA on August 28. Gold Fields Limited (GFI) stock is up 8.95% over the week and 4.36% over the past month. Its price is 102.88% year-to-date and 128.50% over the past year.
The company’s next earnings report is expected on 11/19/2020.
Its 12-month price target is $13.03. To reach the target analysts have set, the stock logically needs to grow 1.62 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $6.85, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $16.33.
Outstanding shares total 873.85M with insiders holding 0.00% of the shares and institutional holders owning 52.37% of the company’s common stock. The company has a return on investment of 15.40% and return on equity of 9.10%. The price to earnings ratio (P/E ratio) amounts to 46.49 while the forward price to earnings ratio is 11.68. The beta has a value of 0.64. Price to book ratio is 4.13 and price to sales ratio is 3.30.
According to a U.S. Securities and Exchange Commission filing, VanEck Vectors – Gold Miners ETF has added its position in Gold Fields Limited (GFI) to 47,651,363 shares, mirroring a recent increase by 0.30%. VanEck Vectors – Gold Miners ETF added 0.14 million shares of Gold Fields Limited common stock bringing its total worth to about $623.76 million at the end of recent close, SEC documents show. VanEck Vectors – Gold Miners ETF isn’t the only investment manager who changed stakes and is followed by VanEck Vectors – Junior Gold Mine, which added 0.44 million shares to end up with 33,800,826 shares worth $442.45 million. DFA Dimensional Emerging Markets cut their holdings by -6.34% in the company over the course of the most recent quarter. It now holds a 1.34% position in Gold Fields Limited thanks to 11.82 million shares amounting to $154.7 million.