BofA Securities slashes price target on Gold Fields Ltd ADR [GFI] – find out why.

MAR Stock

Gold Fields Ltd ADR [NYSE: GFI] traded at a high on Thursday, posting a 3.25 gain after which it closed the day’ session at $15.58.

The results of the trading session contributed to over 3257342 shares changing hands. Over the past one week, the price volatility of Gold Fields Ltd ADR stands at 1.89% while the volatility over the past one month is 2.75%.

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The market cap for GFI stock reached $13.94 billion, with 895.02 million shares outstanding and 895.01 million shares in the current float. Compared to the average trading volume of 3.21M shares, GFI reached a trading volume of 3257342 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Gold Fields Ltd ADR [GFI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GFI shares is $18.79 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 2.58. 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.

BofA Securities have made an estimate for Gold Fields Ltd ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 16, 2024. The new note on the price target was released on June 26, 2024, representing the official price target for Gold Fields Ltd ADR stock. On February 02, 2024, analysts decreased their price target for GFI shares from 14 to 12.

The Average True Range (ATR) for Gold Fields Ltd ADR is set at 0.51, with the Price to Sales ratio for GFI stock in the period of the last 12 months amounting to 3.18. The Price to Book ratio for the last quarter was 2.99, with the Price to Cash per share for the same quarter was set at 0.59. Price to Free Cash Flow for GFI in the course of the last twelve months was 40.60 with Quick ratio for the last quarter at 1.77.

How has GFI stock performed recently?

Gold Fields Ltd ADR [GFI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.57. With this latest performance, GFI shares gained by 14.98% in over the last four-week period, additionally sinking by -14.35% over the last 6 months – not to mention a rise of 26.98% 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 53.88, with the RSI for the last a single of trading hit 54.27, and the three-weeks RSI is set at 52.81 for Gold Fields Ltd ADR [GFI]. The present Moving Average for the last 50 days of trading for this stock 15.18, while it was recorded at 15.36 for the last single week of trading, and 15.24 for the last 200 days.

Gold Fields Ltd ADR [GFI]: Deeper insight into the fundamentals

Gold Fields Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.77 and a Current Ratio set at 1.77.

Earnings analysis for Gold Fields Ltd ADR [GFI]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GFI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gold Fields Ltd ADR go to 26.63%.

Insider trade positions for Gold Fields Ltd ADR [GFI]

The top three institutional holders of GFI stocks are: VAN ECK ASSOCIATES CORP with ownership of 46.96 million shares, which is approximately 5.2564%. BLACKROCK INC., holding 13.31 million shares of the stock with an approximate value of $$198.36 million in GFI stocks shares; and BLACKROCK INC., currently with $$191.67 million in GFI stock with ownership which is approximately 1.44%.

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