Do Analysts Think Gold Fields Ltd ADR (GFI) Is Still Worth Buying In 2024?

Gold Fields Ltd ADR (NYSE:GFI) does about 4.12M shares in volume on a normal day but saw 1860797 shares change hands in Monday trading. The company now has a market cap of 14.82B USD. Its current market price is $16.56, marking an increase of 0.67% compared to the previous close of $16.45. 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 $17.26 and the current price is -12.68% off the 52-week high compared with 60.62% distance from its 52-week low. The 50-day simple moving average of the closing price is $15.93 and its 200-day simple moving average is $14.03. If we look at the stock’s price movements over the week, volatility stands at 3.33%, which decreases to 3.26% 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 48.49 to suggest the stock is neutral.

The consensus objective for the share price is $14.98, suggesting that the stock has a potential downside of -10.55% 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 down -7.43% over the week and -4.83% over the past month. Its price is 14.52% year-to-date and -4.83% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -10.55 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 21.32 while the forward price to earnings ratio is 10.04. The beta has a value of 1.26. Price to book ratio is 3.31 and price to sales ratio is 3.27.