Gold Fields Limited (NYSE:GFI) Shares In 2022: Bullish Prospects

Gold Fields Limited (NYSE:GFI) price on Wednesday, August 17, rose 0.22% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.95.

A look at the stock’s price movement, the level at last check in today’s session was $8.93, moving within a range at $8.845 and $9.25. The beta value (5-Year monthly) was 0.42 while the PE ratio in trailing twelve months stood at 10.11. Turning to its 52-week performance, $17.20 and $7.75 were the 52-week high and 52-week low respectively. Overall, GFI moved -0.33% over the past month.

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Gold Fields Limited’s market cap currently stands at around $7.91 billion. The company has a Forward Dividend ratio of 0.32, with its dividend yield at 3.58%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that GFI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 3 recommend GFI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 1.40, with GFI’s current price about -2.36% and -3.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.62, while 7-day volatility ratio is 2.86% and 3.76% in the 30-day chart. Further, Gold Fields Limited (GFI) has a beta value of 0.71, and an average true range (ATR) of 0.37. Analysts have given the company’s stock an average 52-week price target of $10.97, forecast between a low of $8.91 and high of $13.00. Looking at the price targets, the low is 0.45% off recent price level in today’s trading while to achieve the yearly target high, it has to move -45.25%. Nonetheless, investors will most likely welcome a -26.37% jump to $11.31 which is the analysts’ median price.

In the market, a comparison of Gold Fields Limited (GFI) and its peers suggest the former has performed considerably stronger. Data shows GFI’s intraday price has changed 0.22% today and 0.56% over the past year. Comparatively, Compania de Minas Buenaventura S.A.A. (BVN) has moved 1.08% so far today and only -23.03% in the past 12 months. Looking at another peer, we see that Kellogg Company (K) price has dipped -0.07% on the day. However, the stock is 13.05% off its price today a year ago. Moreover, Agnico Eagle Mines Limited (AEM) is also up 0.99% in today’s trading while keeping a a downtrend of -25.18% over the past year. If we look at the PE ratio, we find that Gold Fields Limited’s ratio stands at 10.11 compared to Compania de Minas Buenaventura S.A.A.’s 7.71 and Kellogg Company’s 17.47. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down 0.00% and -0.19% respectively on the day as seen in early trades.

If we refocus on Gold Fields Limited (NYSE:GFI), historical trading data shows that trading volumes averaged 5.81 million over the past 10 days and 9.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 887.72 million shares.

Also important is the data on short interest which shows that short shares stood at 39.86 million on Jul 14, 2022, giving us a short ratio of 4.29. The data shows that as of Jul 14, 2022 short interest in Gold Fields Limited (GFI) stood at 4.47% of shares outstanding, with shares short rising to 34.01 million registered in Jun 14, 2022. Current price change has pushed the stock -18.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GFI stock continues to rise going into the next quarter.

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