Why Gold Fields Limited [GFI] Stock Can Run Back to New Highs Quicker Than You Think

Gold Fields Limited [GFI] stock is up 9.30 while the S&P 500 has risen 1.11% on Tuesday, 12/01/20. While at the time of this article, GFI ATR is sitting at 0.54, with the beta value at 0.47. This stock’s volatility for the past week remained at 4.02%, while it was 3.97% for the past 30-day period. GFI has risen $0.81 from the previous closing price of $8.71 on volume of 11.21 million shares.

On 12, November 2020, Gold Fields Limited: Operational update for the quarter ended 30 September 2020. According to news published on Yahoo Finance, Gold Fields Limited (NYSE: GFI) (JSE: GFI) remains in a strong financial position. During Q3 2020, there was a further decrease in the net debt balance (including leases) to US$1,159m at 30 September 2020 from US$1,239m at 30 June 2020, after taking into account the interim dividend payment of US$85m. This implies a net debt to EBITDA of 0.68x, compared to 0.84x at end June 2020. The net debt balance (excluding leases) decreased to US$796m from US$876m at the end of June 2020.

Analyst Birdseye View:

The most recent analyst activity for Gold Fields Limited [NYSE:GFI] stock was on June 22, 2020, when it was Upgrade with an Overweight rating from JP Morgan. Before that, on September 15, 2020, RBC Capital Mkts Recapitulated a Sector perform rating and elevated its amount target to $14.50. On April 21, 2020, BofA/Merrill Upgrade a Buy rating. On June 26, 2019, RBC Capital Mkts Downgrade a Sector perform rating. On February 21, 2019, JP Morgan Downgrade a Neutral rating. On January 31, 2019, Morgan Stanley Downgrade an Underweight rating. On August 17, 2018, HSBC Securities Upgrade a Buy rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.79 and a peak of $14.90. Right now, the middling Wall Street analyst 12-month amount mark is $13.48. At the most recent market close, shares of Gold Fields Limited [NYSE:GFI] were valued at $9.52. According to the average price forecast, investors can expect a potential return of -1.26%.

FUNDAMENTAL ANALYSIS

Gold Fields Limited [NYSE:GFI] most recently reported quarterly sales of 29.24 billion, which represented growth of 29.90%. This publicly-traded organization’s revenue is $7,581,234 per employee, while its income is $412,904 per employee. This company’s Gross Margin is currently 28.00%, its Operating Margin is 38.60%, its Pretax Margin is +11.70, and its Net Margin is +5.45. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.60, 6.14, 14.82 and 3.73 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 43.96 and the whole liability to whole assets at 33.21. It shows enduring liability to the whole principal at 29.23 and enduring liability to assets at 0.22 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.21 points at 1st support level, the second support level is making up to 8.89. But as of 1st resistance point, this stock is sitting at 9.69 and at 9.85 for 2nd resistance point.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Gold Fields Limited [NYSE:GFI] is 0.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.38. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.88, it’s amount to book ratio is 2.05 and showing 33.06 of P/E (TTM) ratio.