A share price of Gold Fields Ltd ADR [GFI] is currently trading at $13.04, up 4.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The GFI shares have gain 2.44% over the last week, with a monthly amount drifted -10.99%, and not seem to be holding up well over a long-time horizon.
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On 21, December 2023, Gold Fields to Acquire Additional Shares of Galiano Gold Upon Disposal of its Interest In the Asanko Gold Mine. In a post published today on Yahoo Finance, Gold Fields Limited (“Gold Fields”) announces that certain of its wholly-owned subsidiaries have entered a share purchase agreement dated December 20, 2023 (the “Share Purchase Agreement”) with Galiano Gold Inc. (formerly Asanko Gold Inc.) (“Galiano”) and certain of its affiliates, pursuant to which all of Gold Fields’ interest in the Asanko joint venture in Ghana (the “Asanko JV”) will be acquired, directly or indirectly, by Galiano and its subsidiaries (the “Transaction”).
From an analyst’s perspective:
Gold Fields Ltd ADR [NYSE: GFI] stock has seen the most recent analyst activity on February 02, 2024, when BMO Capital Markets downgraded its rating to a Underperform and also revised its price target to $12 from $14. Previously, Morgan Stanley downgraded its rating to Underweight on October 18, 2023. On October 12, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $14 on the stock. JP Morgan downgraded its rating to a Underweight. JP Morgan downgraded its rating to a Neutral but $15.30 remained the price target by the analyst firm on April 04, 2022. In a note dated March 17, 2022, BMO Capital Markets downgraded an Market Perform rating on this stock but restated the target price of $15.
Gold Fields Ltd ADR experienced fluctuations in its stock price throughout the past year between $9.00 and $17.78. Gold Fields Ltd ADR [NYSE: GFI] shares were valued at $13.04 at the most recent close of the market.
Analyzing the GFI fundamentals
Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.23 and Total Capital is 0.33. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.86 points at the first support level, and at 12.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.18, and for the 2nd resistance point, it is at 13.32.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gold Fields Ltd ADR [NYSE:GFI] is 1.15. On the other hand, the Quick Ratio is 1.12, and the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 2.58, the price to book ratio is 2.60 and price to earnings (TTM) ratio is 16.79.
