RBC Capital Mkts slashes price target on Gold Fields Limited [GFI] – find out why.

Gold Fields Limited [NYSE: GFI] loss -3.28% or -0.32 points to close at $9.45 with a heavy trading volume of 7930332 shares. The company report on January 21, 2021 that Gold Fields Appoints Chris Griffith as CEO Designate.

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The Board of Gold Fields (JSE: GFI) (NYSE: GFI) is pleased to announce the appointment of Chris Griffith as the Chief Executive Officer designate and Executive Director of the Company. Mr Griffith will succeed Nick Holland on 1 April 2021.

Mr Holland, who was due to retire on 30 September 2021 after 13 years as CEO of the Company, has agreed to retire six months earlier to facilitate the leadership transition.

It opened the trading session at $9.52, the shares rose to $9.645 and dropped to $9.285, the range by which the price of stock traded the whole day. The daily chart for GFI points out that the company has recorded -29.84% loss over the past six months. However, it is still -149.34% lower than its most recent low trading price.

If we look at the average trading volume of 6.27M shares, GFI reached to a volume of 7930332 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Gold Fields Limited [GFI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GFI shares is $13.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GFI stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Gold Fields Limited shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on September 15, 2020. The new note on the price target was released on June 22, 2020, representing the official price target for Gold Fields Limited stock.

The Average True Range (ATR) for Gold Fields Limited is set at 0.42, with the Price to Sales ratio for GFI stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 2.92, with the Price to Cash per share for the same quarter was set at 1.05. Price to Free Cash Flow for GFI in the course of the last twelve months was 7.26.

Trading performance analysis for GFI stock

Gold Fields Limited [GFI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.96. With this latest performance, GFI shares dropped by -0.32% in over the last four-week period, additionally sinking by -29.84% over the last 6 months – not to mention a rise of 57.24% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GFI stock in for the last two-week period is set at 49.24, with the RSI for the last a single of trading hit 49.40, and the three-weeks RSI is set at 48.38 for Gold Fields Limited [GFI]. The present Moving Average for the last 50 days of trading for this stock 9.38, while it was recorded at 9.62 for the last single week of trading, and 10.28 for the last 200 days.

Gold Fields Limited [GFI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Gold Fields Limited [GFI] shares currently have an operating margin of +24.25 and a Gross Margin at +27.77. Gold Fields Limited’s Net Margin is presently recorded at +5.45.

Return on Total Capital for GFI is now 14.82, given the latest momentum, and Return on Invested Capital for the company is 3.73. Return on Equity for this stock inclined to 6.14, with Return on Assets sitting at 2.60. When it comes to the capital structure of this company, Gold Fields Limited [GFI] has a Total Debt to Total Equity ratio set at 78.46. Additionally, GFI Total Debt to Total Capital is recorded at 43.96, with Total Debt to Total Assets ending up at 33.21. Long-Term Debt to Equity for the company is recorded at 52.16, with the Long-Term Debt to Total Capital now at 29.23.

Reflecting on the efficiency of the workforce at the company, Gold Fields Limited [GFI] managed to generate an average of $412,904 per employee. Receivables Turnover for the company is 29.53 with a Total Asset Turnover recorded at a value of 0.48.Gold Fields Limited’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.90.

An analysis of insider ownership at Gold Fields Limited [GFI]

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Positions in Gold Fields Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 87 institutional holders increased their position in Gold Fields Limited [NYSE:GFI] by around 43,716,525 shares. Additionally, 101 investors decreased positions by around 59,083,545 shares, while 28 investors held positions by with 208,473,383 shares. The mentioned changes placed institutional holdings at 311,273,453 shares, according to the latest SEC report filing. GFI stock had 41 new institutional investments in for a total of 16,275,149 shares, while 27 institutional investors sold positions of 3,630,101 shares during the same period.

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