Van Eck Associates Corp. recently announced the acquisition of new stake in Gold Fields Ltd ADR (NYSE:GFI). The institutional investor has increased its shareholding in the Basic Materials company by 15.10% to 46.16 million shares with purchase of 6.05 million shares. This fresh investment now brings its stake to 5.17% valued currently at $705.77 million. In addition, BlackRock Investment Management raised its holdings by 5.72 million to 10.86 million shares. And RWC Asset Advisors has lifted its position by 3.07% or 0.32 million shares – to 10.74 million shares.
With over 6.19 million Gold Fields Ltd ADR (GFI) shares trading Tuesday and a closing price of $12.38 on the day, the dollar volume was approximately $76.63 million. The shares have shown a negative half year performance of -9.70% and its price on 01/09/24 lost nearly -1.75%. Currently, there are 893.54M common shares owned by the public and among those 893.53M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for GFI have a consensus price objective of $13.83. The analysts have set the share’s price value over the next 12 months at a high of $16.10 and a low of $10.97. The average price target is 10.48% above its recent price level and a downside to the estimated low will see the stock lose -12.85% over that period. But an upside of 23.11% will see the stock hit the forecast high price target while median target price for the stock is $14.00.
The top 3 mutual fund holders in Gold Fields Ltd ADR are VanEck Gold Miners ETF, Orbis SICAV – Emerging Markets Eq, and BlackRock Global Funds – World Go. VanEck Gold Miners ETF owns 43.97 million shares of the company’s stock, all valued at over $672.37 million. Orbis SICAV – Emerging Markets Eq bought 0.78 million shares to see its total holdings expand to 9.26 million shares valued at over $141.62 million and representing 1.04% of the shares outstanding. BlackRock Global Funds – World Go sold -0.38 million shares to bring its total holdings to over 8.26 million shares at a value of $126.32 million. BlackRock Global Funds – World Go now owns shares totaling to 0.93% of the shares outstanding.
Shares of Gold Fields Ltd ADR (NYSE: GFI) opened at $12.35, down -$0.25 from a prior closing price of $12.60. However, the script later moved the day high at 12.40, down -1.75%. The company’s stock has a 5-day price change of -11.95% and 5.90% over the past three months. GFI shares are trading -14.38% year to date (YTD), with the 12-month market performance up to 3.60% higher. It has a 12-month low price of $8.89 and touched a high of $17.78 over the same period. GFI has an average intraday trading volume of 4.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -16.38%, -12.46%, and -11.60% respectively.
Institutional ownership of Gold Fields Ltd ADR (NYSE: GFI) shares accounts for 21.14% of the company’s 893.54M shares outstanding. Mutual fund holders own 16.74%, while other institutional holders and individual stakeholders account for 4.43% and — respectively.
It has a market capitalization of $11.06B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 16.62, while the earnings-per-share (ttm) stands at $0.74. The company has a PEG of 1.77 and a Quick Ratio of 1.12 with the debt-to-equity ratio at 0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.51% over the week and 3.44% over the month.
Analysts forecast that Gold Fields Ltd ADR (GFI) will achieve an EPS of $Gold Fields Limited for the current quarter, $12.38 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $GlobalFoundries Inc. while analysts give the company a high EPS estimate of $Unifi, Inc. New. Comparatively, EPS for the current quarter was $Guardforce AI Co., Limited a year ago. Earnings per share for the fiscal year are expected to decrease by -2.82%, and 35.31% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Gold Fields Ltd ADR (GFI) as a “Hold” at a consensus score of 3.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 7 of the 11 advise that investors “hold,” and 2 rated it as a “Sell.”
