Van Eck Associates Corp. has recently announced that it has increased stake in Gold Fields Ltd ADR (NYSE:GFI) by 15.10%. After grabbing 46.16 million shares, the institutional investor is now in possession of 6.05 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 5.17% having worth around $600.99 million. Moreover, BlackRock Investment Management increased its share by 5.72 million to have a control over 10.86 million shares. And RWC Asset Advisors raised its holdings to 0.32 million shares by acquiring 10.74 million shares or 1.20% of the stake.
Gold Fields Ltd ADR (GFI) concluded trading on 12/13/23 at a closing price of $14.76, with 5.39 million shares of worth about $79.55 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.38% during that period and on Wednesday the price saw a gain of about 4.98%. Currently the company’s common shares owned by public are about 893.54M shares, out of which, 893.53M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the GFI stock and their offered price forecasts bring an average price target of $13.76. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.00 and could fall to a lowest price of $11.36. The stock’s current price level is -7.42% below of average price target set by the analysts, while a dip to estimated low would result in loss of -29.93% for the stock. However, touching the estimated high of $16.00 would mean a gain of 7.75% for the stock.
VanEck Gold Miners ETF, Orbis SICAV – Emerging Markets Eq, and BlackRock Global Funds – World Go are the top 3 mutual funds which are holding stakes in Gold Fields Ltd ADR VanEck Gold Miners ETF is currently holding 41.92 million shares of worth totaling $545.8 million. The company recently came buying 0.18 million shares which brought its stake up to 4.69% of the company’s outstanding shares. Orbis SICAV – Emerging Markets Eq bought 0.78 million shares, after which its hold over company’s outstanding shares expand to 1.04%, leaving 9.26 million shares with the mutual fund that have a worth of about $120.59 million. BlackRock Global Funds – World Go, after buying 8.64 million shares, have now control over 0.97% of the stake in the company. It holds 2.95 million shares of worth $112.47 million.
Gold Fields Ltd ADR (NYSE: GFI) started trading at $13.87, below -$0.19 from concluding price of the previous day. However, the stock later moved at a day high price of 14.77, or with a gain of 4.98%. Stock saw a price change of 1.17% in past 5 days and over the past one month there was a price change of 18.46%. Year-to-date (YTD), GFI shares are showing a performance of 42.61% which increased to 36.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.89 but also hit the highest price of $17.78 during that period. The average intraday trading volume for Gold Fields Ltd ADR shares is 4.63 million. The stock is currently trading 4.96% above its 20-day simple moving average (SMA20), while that difference is up 9.65% for SMA50 and it goes to 8.52% higher than SMA200.
Van Eck Associates Corp. acquired 46.16 million shares of Gold Fields Ltd ADR having value of about $600.99 million. Data submitted at the U.S SEC by Van Eck Associates Corp. revealed that the firm now holds 6.05 million shares in the company valued at close to $89356966.2, or have control over 15.10% stake in the company. Gold Fields Ltd ADR (NYSE: GFI) currently have 893.54M outstanding shares and institutions hold larger chunk of about 21.23% of that. Holding of mutual funds in the company is about 16.57% while other institutional holders and individual stake holders have control over 4.80% and — of the stake respectively.
The stock has a current market capitalization of $13.19B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 19.82, while it has posted earnings per share of $0.74 in the same period. Its PEG reads 2.11 and has Quick Ratio of 1.12 while making debt-to-equity ratio of 0.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GFI, volatility over the week remained 3.57% while standing at 3.33% over the month.
Analysts are in expectations that Gold Fields Ltd ADR (GFI) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -2.36% while it is estimated to increase by 39.90% in next year.
Analysts at 11 brokerage firms have issued recommendations for the Gold Fields Ltd ADR (GFI)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 11 Wall Street analysts, 2 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
