A Combo of Technical Indicators for Gold Fields Limited (GFI) Shares

The stock is lingering around the initial support level of $5.55. After this, the following support is at the zone of $5.42. Up until the time the GFI stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 57.77 on the daily chart, and this may be a cause for concern. In case the price goes below $5.42 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $5.78 level may cause a pull-back move approaching $5.88 mark.

Gold Fields Limited (GFI) is most likely going to rise 13.73 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $7-month high price target. This represents a whopping 23.24 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $6.09, which means a return possibility of 7.22 percent in comparison with the closing price of the stock of $5.68 on December 03. The lowest price set for the stock is $4.98 — just above -12.32 percent from GFI share price now.

On December 03, 2019, Gold Fields Limited (NYSE:GFI) shares gained 7.58% or 0.4 points to close at $5.68 with a thin trading volume of 7.094 million shares. It opened the trading session at $5.56, the shares rose to $5.75 and dropped to $5.52, the range by which the price of stock traded the whole day. The company now has a market cap of $4.69 billion and currently has 826.09 million outstanding shares. Gold Fields Limited (GFI) stock has plunged -6.12 percent of market value in 21 trading days.

Stock analysts at RBC Capital Mkts cut their rating on shares of Gold Fields Limited (NYSE:GFI) from Outperform to a new rating of Sector Perform in their opinion released on June 26. JP Morgan analysts have downgraded their rating of GFI shares from Overweight to Neutral in a separate flash note to investors on February 21. Analysts at Morgan Stanley downgraded the company stock to a Underweight call from its previous Equal-Weight stance, in a flash note that dated back to January 31.

GFI stock’s trailing 3-year beta is -1.18, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $0.11 share in the trailing 52 weeks. The stock’s value surged 61.36 percent year to date (YTD) compared to a rise of 93.86 percent in 52 week’s period. The firm’s shares are still trading -9.7 percent below its 1-year high of $6.29 and 93.86 percent up from 52-week low of $2.93. The average consensus ranking on the company is 3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a hold.

Gold Fields Limited (GFI) shares are trading at a P/E ratio of 48 times earnings posted in the trailing 12 months. The industry GFI deals with has an average P/E of 50.6. Its P/B ratio is standing at 1.6X compared to the 1.9 industry average. It is additionally sporting a 1.7 on the Price-to-Sales ratio, compared to the industry’s P/S average of 4.1. Gold Fields Limited has a 23.4% gross profit margin, with its operating margin around 25.3%. Alongside this, the company’s net profit margin currently stands at 3.4%.

Past records have indicated that shares in Gold Fields Limited declined on 6 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.