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Tuesday, October 3, 2023

Gold Fields Limited (NYSE:GFI) is Waving the Bear Flag

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Gold Fields Limited (GFI) shares are trading at lower $9.03 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $13.65.

To add more color to this target, the company’s high over the last year is $14.90 and the low is $3.79. Over the last 52 weeks, GFI is up 50.00% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

GFI booked profit margins of 7.40%, its Return on Equity (ROE) is 9.10%, and its Return on Assets is 3.80%. All told, it is clear that, GFI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GFI has a short ratio of 0.98 and outstanding shares of 873.85M.

Company Outlook

GFI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 9.06 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.29. Gold Fields Limited GFI also noted assets of $6.77 billion at the end of the last quarter. Investors should also keep an eye on sector updates as GFI has historically followed its peers on positive news.

All told, Gold Fields Limited GFI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GFI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Gold Fields Limited GFI is now commanding a market cap of 8.09B and a float of 828.74M. GFI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GFI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GFI, either long or short, and we have not been compensated for this article.

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