Gold Fields Limited (NYSE:GFI) finished Thursday with an addition of $0.04 to close at $13.20, an upside of 0.30 percent. An average of 3,928,020 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 4,411,590 shares traded, while the 50-day average volume stands at 5,014,790.
GFI stock has decreased by -11.41% in the last month. The company shares reached their 1-month lowest point of $12.97 on 08/08/23. With the stock rallying to its 52-week high on 05/04/23, shares of the company touched a low of $7.03 and a high of $17.78 in 52 weeks. It has reached a new high 19 times so far this year and achieved 27.54% or $2.85 in price. In spite of this, the price is down -25.77% from the 52-week high.
Valuation Metrics
Gold Fields Limited (GFI) has a trailing price-to-earnings (P/E) ratio of 16.60. The stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.79, the price-to-book (PB) ratio at 2.80, and the price-to-cash flow ratio at 38.61.
The company has a payout ratio of 21.10%. The company’s most recent quarterly dividend payment was $0.2425 a share, representing a up of 40.99% from $0.1720 last year. Its latest increase dividend $0.0705 reported on Tuesday February 28 2023.
Financial Health
The quick ratio of Gold Fields Limited for the recent quarter was 2.30, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.33 and a total debt to equity ratio of 0.35 for the recent quarter. Gold Fields Limited’s EBITDA margin is 52.59%, while its operating margin for the same period stands at 33.40%. Its gross profit as reported stood at $1.68 billion compared to revenue of $4.29 billion.
Earnings Surprise
For the recent quarter, Gold Fields Limited had $76.0 million in cash. The company posted a net income of $711.0 million in the quarter, while revenues were shrunk -11.01%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Gold Fields Limited (GFI) price momentum. RSI 9-day as of the close on 10 August was 30.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 62.78%.
As of today, GFI’s price is $13.25 -0.15% or -$0.02 from its 5-day moving average. GFI is currently trading -12.23% lower than its 20-day SMA and +14.29% higher than its 100-day SMA. However, the stock’s current price level is -9.65% below the SMA50 and +64.18% above the SMA200.
The stochastic %K and %D were 7.44% and 8.20%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 8.30% and the average true range at 0.48, the RSI (14) stands at 35.17%. The stock has reached -0.36 on the 9-day MACD Oscillator while the 14-day reading was at -0.99.
Analyst Ratings
JP Morgan downgraded Gold Fields Limited (NYSE: GFI) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Gold Fields Limited (GFI) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GFI, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is GFI’s price target for the next 12 months?
Analysts predict a range of price targets between $12.82 and $18.00, with a median target of $14.87. Taking a look at these predictions, the average price target given by analysts for Gold Fields Limited (GFI) stock is $15.01.
