Home  »  Science   »  Is Gold Fields Limited (NYSE: GFI) a Risk-Worthy B...

Is Gold Fields Limited (NYSE: GFI) a Risk-Worthy Bet for Bold Investors?

In the last trading session, 12.85 million Gold Fields Limited (NYSE:GFI) shares changed hands as the company’s beta touched 0.96. With the company’s per share price at $12.30 changed hands at -$0.1 or -0.81% during last session, the market valuation stood at $11.25B. GFI’s last price was a discount, traded about -44.55% off its 52-week high of $17.78. The share price had its 52-week low at $7.03, which suggests the last value was 42.85% up since then. When we look at Gold Fields Limited’s average trading volume, we note the 10-day average is 3.96 million shares, with the 3-month average coming to 4.53 million.

Analysts gave the Gold Fields Limited (GFI) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.70. If we narrow down to specifics, the data shows that 1 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended GFI as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Gold Fields Limited’s EPS for the current quarter is expected to be $0.

Do You Know The Best Place To Find Gains In Volatile Markets?

In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.

Click here for full details and to join for free

Gold Fields Limited (NYSE:GFI) trade information

Instantly GFI was in red as seen at the end of in last trading. With action 0.16%, the performance over the past five days has been green. The drop to weekly highs of 12.72 on Friday, 09/15/23 subtracted -0.81% to the stock’s daily price. The company’s shares are showing year-to-date upside of 18.84%, with the 5-day performance at 0.16% in the green. However, in the 30-day time frame, Gold Fields Limited (NYSE:GFI) is -3.38% down. Looking at the short shares, we see there were 7.22 million shares sold at short interest cover period of 1.72 days.

The consensus price target for the stock as assigned by Wall Street analysts is $14.27, meaning bulls need an upside of 13.81% from its current market value. According to analyst projections, GFI’s forecast low is $12.71 with $17.00 as the target high. To hit the forecast high, the stock’s price needs a -38.21% plunge from its current level, while the stock would need to soar -3.33% for it to hit the projected low.

Gold Fields Limited (GFI) estimates and forecasts

Data shows that the Gold Fields Limited share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 13.36% over the past 6 months, a 5.15% in annual growth rate that is considerably lower than the industry average of 19.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 86.40%. The 2023 estimates are for Gold Fields Limited earnings to decrease by -10.00%, but the outlook for the next 5-year period is at 7.80% per year.

GFI Dividends

Gold Fields Limited is expected to release its next quarterly earnings report in October. The 3.34% annual yield figure for the share gives it an annual dividend of 0.41. It is important to note, however, that the 3.34% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Gold Fields Limited (NYSE:GFI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.00% of Gold Fields Limited shares while 27.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 27.44%. There are 27.44% institutions holding the Gold Fields Limited stock share, with Van Eck Associates Corporation the top institutional holder. As of Jun 29, 2023, the company held 4.49% of the shares, roughly 40.1 million GFI shares worth $493.29 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 1.77% or 15.79 million shares worth $194.26 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were VanEck ETF Trust-VanEck Gold Miners ETF and iShares Core MSCI Emerging Markets ETF. With 36.72 million shares estimated at $451.7 million under it, the former controlled 4.11% of total outstanding shares. On the other hand, iShares Core MSCI Emerging Markets ETF held about 0.92% of the shares, roughly 8.22 million shares worth around $101.13 million.

On Key

Related Posts