Volatility Is Your Friend: Gold Fields Ltd ADR (GFI) Is Hot Again

Gold Fields Ltd ADR (NYSE:GFI) does about 4.53M shares in volume on a normal day but saw 5068009 shares change hands in Monday trading. The company now has a market cap of 15.75B USD. Its current market price is $17.60, marking a decrease of -3.08% compared to the previous close of $18.16. The 52 week high reached by this stock is $18.97 whilst the lowest price level in 52 weeks is $10.31.

Gold Fields Ltd ADR (GFI) has a 20-day trading average at $16.29 and the current price is -7.20% off the 52-week high compared with 70.71% distance from its 52-week low. The 50-day simple moving average of the closing price is $14.89 and its 200-day simple moving average is $13.84. If we look at the stock’s price movements over the week, volatility stands at 4.03%, which decreases to 3.48% 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 63.72 to suggest the stock is neutral.

The consensus objective for the share price is $14.15, suggesting that the stock has a potential downside of -24.38% over the period.

BMO Capital Markets also downgraded the stock to “Underperform” from Market Perform on February 02, 2024 at a price target of $14-$12.

Gold Fields Ltd ADR (GFI) stock is up 1.15% over the week and 19.00% over the past month. Its price is 21.72% year-to-date and 11.82% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -24.38 percent from here.

The company has a return on investment of 12.87% and return on equity of 16.71%. The price to earnings ratio (P/E ratio) amounts to 22.66 while the forward price to earnings ratio is 10.96. The beta has a value of 1.13. Price to book ratio is 3.51 and price to sales ratio is 3.48.