Gold Fields Limited (GFI) Reached A New High 4 times During The Past Five Days

As of Thursday close, Gold Fields Limited’s (NYSE:GFI) stock was up $0.15, moving up 1.89 percent to $8.10. The average number of shares traded per day over the past five days has been 11,409,420 shares. 4 times new highs have been achieved over the past 5 days, with a $0.43 gain in that time frame. In the last twenty days, the average volume was 9,671,875, while in the previous 50 days, it was 7,626,370.

Since last month, GFI stock retreated -1.58%. Shares of the company fell to $7.03 on 09/26/22, the lowest level in the past month. A 52-week high of $17.20 was reached on 03/08/22 after having rallying from a 52-week low of $7.03. Since the beginning of this year, GFI’s stock price has dropped by -26.30% or -$2.89, and marked a new high 17 times. However, the stock has declined by -52.91% since its 52-week high.

Valuation Metrics

Right now, Gold Fields Limited (GFI) has a P/E ratio of about 9.17. The stock’s beta is 0.76. Besides these, the trailing price-to-sales (P/S) ratio of 1.85, the price-to-book (PB) ratio of 1.70.

The latest dividend of $0.1720 per share was paid out, which is -1.04% less than last year’s $0.1738. On Tuesday August 30 2022, a $0.0018 dividend decrease was announced.

Financial Health

In the recent quarter, Gold Fields Limited’s quick ratio stood at 2.20, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.34, and the total debt-to-equity ratio was 0.36. On the profitability front, the trailing twelve-month gross margin is 43.40% percent. Based on annual data, GFI earned $1.82 billion in gross profit and brought in $4.2 billion in revenue.

GFI’s revenue rose 7.22% during the quarter, while net income inched up to $4.2 billion. The liabilities of Gold Fields Limited were 3.14 billion at the end of its most recent quarter, and its total debt was $1.58 billion.

Technical Picture

This quick technical analysis looks at Gold Fields Limited’s (GFI) price momentum. With a historical volatility rate of 67.48%, the RSI 9-day stood at 58.03% on 29 September.

With respect to its five-day moving average, the current Gold Fields Limited price is up by +5.61% percent or $0.43. At present, GFI shares trade +0.12% above its 20-day simple moving average and -34.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.90% below its SMA50 and -17.68% below its SMA200.

Stochastic coefficient K was 46.58% and Stochastic coefficient D was 27.62%, while ATR was 0.38. Given the Stochastic reading of 66.46% for the 14-day period, the RSI (14) reading has been calculated as 51.88%. As of today, the MACD Oscillator reading stands at 0.22, while the 14-day reading stands at 0.11.

Analyst Ratings

Gold Fields Limited downgraded its rating on Gold Fields Limited (NYSE: GFI) to a Neutral in a note to investors on April 04, 2022. The analysts firm previously had an Overweight rating on the stock.Gold Fields Limited (GFI) has been rated Overweight by analysts. According to 1 brokerage firm, GFI is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Gold Fields Limited stock as buy, with 4 recommending it as overweight.

With a median target price of $10.30, the current consensus forecast for the stock is $8.05 – $13.00. Based on these forecasts, analysts predict Gold Fields Limited (GFI) will achieve an average price target of $10.52.

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