Gold Fields Ltd ADR’s stock (GFI) continues to rise above its goal

A share price of Gold Fields Ltd ADR [GFI] is currently trading at $15.27, down -1.04%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GFI shares have gain 10.41% over the last week, with a monthly amount glided 8.37%, and seem to be holding up well over a long-time horizon.

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On 7, March 2024, Gold Fields Completes the Sale of its Interest In the Asanko Gold Mine for Consideration Including Additional Shares of Galiano Gold. In a post published today on Yahoo Finance, Gold Fields Limited (“Gold Fields”) announces the closing of the previously announced sale of all of its interest in the Asanko joint venture in Ghana (the “Asanko JV”) to  its joint venture partner Galiano Gold Inc. (formerly Asanko Gold Inc.) (“Galiano”) and its subsidiaries (the “Transaction”). The Transaction took place pursuant to a share purchase agreement dated December 20, 2023 (the “Share Purchase Agreement”) among certain of Gold Fields’ wholly-owned subsidiaries, Galiano and certain of Galiano’s subsidiaries.

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 $9.07 and $17.78. Gold Fields Ltd ADR [NYSE: GFI] shares were valued at $15.27 at the most recent close of the market.

Analyzing the GFI fundamentals

Gross Profit Margin for this corporation currently stands at 0.39% 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 0.14, Equity is 0.26 and Total Capital is 0.36. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.

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 15.16 points at the first support level, and at 15.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.46, and for the 2nd resistance point, it is at 15.64.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Gold Fields Ltd ADR [NYSE:GFI] is 1.15. Further, the Quick Ratio stands at 1.12, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 3.02, the price to book ratio is 3.05 and price to earnings (TTM) ratio is 19.66.

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