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Boom Or Bust: Where Is Gold Fields Limited (NYSE:GFI) Stock Headed Next? - Marketing Sentinel

Friday, 8 January 2021

Gold Fields Limited (NYSE:GFI)’s traded shares stood at 5,648,349 during the latest session, with the company’s beta value hitting 0.51. At the last check today, the stock’s price was $9.22, to imply a decline of -5.78% or -$0.56 in intraday trading. The GFI share’s 52-week high remains $14.9, putting it -61.61% down since that peak but still an impressive +58.89% since price per share fell to its 52-week low of $3.79. The company has a valuation of $8.29 Billion, with an average of 6.01 Million shares in intraday trading volume over the past 10 days and average of 5.8 Million shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Gold Fields Limited (GFI), translating to a mean rating of 2.6. Of 10 analyst(s) looking at the stock, 1 analyst(s) give GFI a Sell rating. None of those analysts rate the stock as Overweight while 6 advise Hold as 3 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

Gold Fields Limited (NYSE:GFI) trade information

After registering a -5.78% downside in the latest session, Gold Fields Limited (GFI) has traded green over the past five days. The stock hit a weekly high of $10.65 this Monday, Jan 04, jumping 12.01% in its intraday price action. The 5-day price performance for the stock is 1.13%, and 1.9% over 30 days. With these gigs, the year-to-date price performance is 1.13%. Short interest in Gold Fields Limited (NYSE:GFI) saw shorts transact 4.54 Million shares and set a 0.78 days time to cover.

Analysts on Wall Street suggest a consensus price target of $13.01, implying an increase of 41.11% to the stock’s recent value. The extremes give us $9.92 and $16 for target low and target high price respectively. As such, GFI has been trading 73.54% off suggested target high and 7.59% from its likely low.

Gold Fields Limited (GFI) estimates and forecasts

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 49.7% for the past 5-year period. While 2021 is set for a 146.1% return in earnings, projections for the next 5 years are at 0% annually.

GFI Dividends

However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Gold Fields Limited has a forward dividend ratio of 0.19, with the share yield ticking at 1.96% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.36%.

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

Gold Fields Limited insiders hold 0% of total outstanding shares, with institutional holders owning 38.6% of the shares at 38.6% float percentage. In total, 304 institutions holds shares in the company, led by Van Eck Associates Corporation. As of Sep 29, 2020, the company held over 91.68 Million shares (or 10.38% of shares), all amounting to roughly $1.13 Billion.

The next major institution holding the largest number of shares is Blackrock Inc. with 25.51 Million shares, or about 2.89% of shares outstanding. As of the market price on Sep 29, 2020, these shares were worth $313.5 Million.

We also have VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the Gold Fields Limited (GFI) shares. Going by data provided on Nov 29,2020, VanEck Vectors ETF Tr-Gold Miners ETF holds roughly 51,925,974 shares. This is just over 5.88% of the total shares, with a market valuation of $452.28 Million. Data from the same date shows that the other fund manager holds a little less at 36.37 Million, or 4.12% of the shares, all valued at about $316.8 Million.

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