How Are Things Looking For Gold Fields Limited (NYSE: GFI) For The Short Term?

Gold Fields Limited (NYSE:GFI) traded at $8.27 at last check on Tuesday, August 30, made a downward move of -2.25% on its previous day’s price.

Looking at the stock we see that its previous close was $8.46 and the beta (5Y monthly) reads 0.42 with the day’s price range being $8.2901 – $8.615. The company has a trailing 12-month PE ratio of 9.58. In terms of its 52-week price range, GFI has a high of $17.20 and a low of $7.75. The company’s stock has lost about -8.04% over that past 30 days.

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Gold Fields Limited has a market cap of $7.67 billion. With its Forward Dividend at 0.32 and a yield of 3.78%, the company’s investors could be anxious for the GFI stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the GFI stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 9 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Gold Fields Limited (GFI) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the GFI stock currently stands at 1.33, and the most recent price level today is -8.69% off its SMA20 and -9.33% from its 50-day simple moving average. The RSI (14) is pointing at 34.51 while the volatility over the past week is 3.92% and jumps to 3.46% over the past one month. The beta value is 0.71, while the average true range (ATR) is currently pointing at 0.34. The average price target for the stock over the next 12 months is $10.87, with the estimates having a low of $8.05 and a high of $13.00. These price ends are 2.66% and -57.19% off the today’s price level respectively, although investors could be excited at the prospect of a -37.0% if the GFI share price touches on the median price of $11.33.

Let’s briefly compare Gold Fields Limited (GFI) stock to its peers. We find that today’s price change of -2.25% and -10.95% over the past 12 months for GFI competes that of Compania de Minas Buenaventura S.A.A. (BVN), which has seen its stock price fall -3.08% in the latest trading session and is -30.75% over the last one year. Another of its peers Kellogg Company (K) has dropped -0.35% today, and was 17.27% up over the past year, while Agnico Eagle Mines Limited (AEM) is also down -2.14% yet, while its price remains in the red at -25.61% over the same period. Gold Fields Limited has a P/E ratio of 9.58 compared to Compania de Minas Buenaventura S.A.A.’s 7.40 and Kellogg Company’s 17.12. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.70% and -0.58%, respectively, in early deals.

Coming back to Gold Fields Limited (NYSE:GFI), we note that the average 3-month trading volume was 9.50 million, while that of the preceding 10-day period stands at 6.28 million. Current shares outstanding are 906.98 million.

The institutions hold 30.00%. The data shows that short shares as of Jul 14, 2022, stood at 39.86 million at a short ratio of 4.29. This represents a 4.47% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 34.01 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -23.02% down in year-to-date price movement.

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