Gold Fields Limited (NYSE:GFI) finished Thursday with an addition of $0.16 to close at $12.47, an upside of 1.30 percent. An average of 3,802,180 shares of common stock have been traded in the last five days. There was a gain of $1.05 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 4,370,900 shares traded, while the 50-day average volume stands at 4,946,282.
GFI stock has decreased by -19.39% in the last month. The company shares reached their 1-month lowest point of $11.21 on 08/17/23. 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 20.48% or $2.12 in price. In spite of this, the price is down -29.87% from the 52-week high.
Valuation Metrics
Gold Fields Limited (GFI) has a trailing price-to-earnings (P/E) ratio of 16.92. The stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.55, the price-to-book (PB) ratio at 2.60, and the price-to-cash flow ratio at 70.58.
The company has a payout ratio of 55.30%. The company’s most recent quarterly dividend payment was $0.1711 a share, representing a down of -29.44% from $0.2425 last year. Its latest decrease dividend $0.0715 reported on Tuesday August 22 2023.
Financial Health
The quick ratio of Gold Fields Limited for the recent quarter was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.25 and a total debt to equity ratio of 0.45 for the recent quarter. Gold Fields Limited’s EBITDA margin is 52.59%, while its operating margin for the same period stands at 32.60%. Its gross profit as reported stood at $1.68 billion compared to revenue of $4.29 billion.
Earnings Surprise
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 24 August was 44.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 63.85%.
As of today, GFI’s price is $11.91 +9.19% or $1.05 from its 5-day moving average. GFI is currently trading -16.14% lower than its 20-day SMA and -6.38% lower than its 100-day SMA. However, the stock’s current price level is -16.48% below the SMA50 and +46.53% above the SMA200.
The stochastic %K and %D were 43.82% and 29.41%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 57.52% and the average true range at 0.46, the RSI (14) stands at 40.37%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.37.
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 $12.98 and $18.00, with a median target of $14.18. Taking a look at these predictions, the average price target given by analysts for Gold Fields Limited (GFI) stock is $14.55.
