Take off with Gold Fields Limited (GFI): Get ready for trading

Gold Fields Limited (NYSE: GFI) stock fell -1.99% on Wednesday to $14.74 against a previous-day closing price of $15.04. With 10.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.1 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $15.31 whereas the lowest price it dropped to was $14.59. The 52-week range on GFI shows that it touched its highest point at $17.78 and its lowest point at $7.03 during that stretch. It currently has a 1-year price target of $16.93. With its current market cap of 13.13 billion, GFI has annualized dividend of $0.41 while the current yield stands at 2.77%. Beta for the stock currently stands at 0.93.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GFI was down-trending over the past week, with a drop of -4.72%, but this was down by -4.10% over a month. Three-month performance surged to 56.14% while six-month performance rose 38.53%. The stock gained 26.20% in the past year, while it has gained 42.42% so far this year. EPS is expected to grow by 8.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 86.40%.

Float and Shares Shorts:

At present, 891.30 million GFI shares are outstanding with a float of 858.32 million shares on hand for trading. On May 14, 2023, short shares totaled 11.71 million, which was 1.31% higher than short shares on Apr 13, 2023. In addition to Mr. Martin Preece as the firm’s Interim CEO & Exec. Director, Mr. Paul A. Schmidt B.Com., BCom, BCompt (Hons), C.A., CA(SA) serves as its Financial Director, CFO & Exec. Director.

Institutional Ownership:

Through their ownership of 27.35% of GFI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.75% of GFI, in contrast to 18.17% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GFI with 6.46% of the stake, Van Eck Associates Corp. holds 57,730,989 shares worth 57,730,989. A second-largest stockholder of GFI, RWC Asset Advisors, holds 17,324,898 shares, controlling over 1.94% of the firm’s shares. Orbis Investment Management Ltd. is the third largest shareholder in GFI, holding 14,156,636 shares or 1.58% stake. With a 5.67% stake in GFI, the VanEck Gold Miners ETF is the largest stakeholder. A total of 50,621,265 shares are owned by the mutual fund manager. The Orbis SICAV – Emerging Markets Eq, which owns about 1.04% of GFI stock, is the second-largest Mutual Fund holder. It holds 9,262,222 shares valued at 144.12 million. iShares V Plc – Gold Producers UC holds 0.72% of the stake in GFI, owning 6,400,231 shares worth 99.59 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GFI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GFI analysts setting a high price target of $18.00 and a low target of $10.92, the average target price over the next 12 months is $14.69. Based on these targets, GFI could surge 22.12% to reach the target high and fall by -25.92% to reach the target low. Reaching the average price target will result in a decline of -0.34% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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