Gold Fields Ltd ADR (NYSE: GFI): Getting A Free Pass?

Gold Fields Ltd ADR (NYSE:GFI) shares, rose in value on Thursday, April 04, with the stock price up by 2.57% to the previous day’s close as strong demand from buyers drove the stock to $17.19.

Actively observing the price movement in the recent trading, the stock is buoying the session at $16.76. The value of beta (5-year monthly) is 0.75 whereas the PE ratio is 22.13 over 12-month period. Referring to stock’s 52-week performance, its high was $17.78, and the low was $10.31. On the whole, GFI has fluctuated by 16.62% over the past month.

The company’s Forward Dividend Ratio is 0.39, with its dividend yield at 2.29%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GFI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 2.35, with the price of GFI currently trading nearly 12.16% and 19.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.48, while the 7-day volatility ratio is showing 3.12% which for the 30-day chart, stands at 3.30%. Furthermore, Gold Fields Ltd ADR (GFI)’s beta value is 1.15, and its average true range (ATR) is 0.58.

A comparison of Gold Fields Ltd ADR (GFI) with its peers suggests the former has fared considerably weaker in the market. GFI showed an intraday change of 2.57% in today’s session so far, and over the past year, it grew by 27.71%%.

Data on historical trading for Gold Fields Ltd ADR (NYSE:GFI) indicates that the trading volumes over the past 10 days have averaged 3.77 million and over the past 3 months, they’ve averaged 4.41 million. According to company’s latest data on outstanding shares, there are 895.02 million shares outstanding.

Nearly 0.00% of Gold Fields Ltd ADR’s shares belong to company insiders and institutional investors own 21.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.85 million shares as on Mar 15, 2024, resulting in a short ratio of 2.42. According to the data, the short interest in Gold Fields Ltd ADR (GFI) stood at 1.32% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.29 million. The stock has risen by 18.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GFI stock heading into the next quarter.

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