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Gold Fields shares have great growth outlook for 2020 - Marketing Sentinel

Monday, 5 October 2020

Gold Fields Limited (NYSE:GFI) has a beta value of 0.71 and has seen 1,414,791 shares traded in the recent trading session. The company, currently valued at $10.99 Billion, closed the recent trade at $12.45 per share which meant it gained $0.33 on the day or 2.72% during that session. The GFI stock price is -19.68% off its 52-week high price of $14.9 and 69.56% above the 52-week low of $3.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.18 Million shares traded. The 3-month trading volume is 8.3 Million shares.

The consensus among analysts is that Gold Fields Limited (GFI) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 6 out of 11 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.

Gold Fields Limited (NYSE:GFI) trade information

Sporting 2.72% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Oct 05 when the GFI stock price touched $12.63- or saw a rise of 1.19%. Year-to-date, Gold Fields Limited shares have moved 89.09%, while the 5-day performance has seen it change 4.96%. Over the past 30 days, the shares of Gold Fields Limited (NYSE:GFI) have changed -0.72%. Short interest in the company has seen 12.83 Million shares shorted with days to cover at 1.55.

Wall Street analysts have a consensus price target for the stock at $13.52, which means that the shares’ value could jump 8.59% from current levels. The projected low price target is $10.5 while the price target rests at a high of $16.33. In that case, then, we find that the current price level is +31.16% off the targeted high while a plunge would see the stock lose -15.66% from current levels.

Gold Fields Limited (GFI) estimates and forecasts

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +49.7% over the past 5 years. Earnings growth for 2020 is a modest +146.1%.

GFI Dividends

Gold Fields Limited is expected to release its next earnings report in Aug, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.19 at a share yield of 1.58%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.32%.

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

Insiders own 0% of the company shares, while shares held by institutions stand at 52.37% with a share float percentage of 52.37%. Investors are also buoyed by the number of investors in a company, with Gold Fields Limited having a total of 274 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 85.09 Million shares worth more than $799.88 Million. As of June 29, 2020, Van Eck Associates Corporation held 9.63% of shares outstanding.

The other major institutional holder is Dimensional Fund Advisors LP, with the holding of over 30.51 Million shares as of June 29, 2020. The firm’s total holdings are worth over $286.75 Million and represent 3.45% of shares outstanding.

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