The price of Gold Fields Limited (NYSE:GFI) stock ended February 19, 2020 trading at $7.18 which saw downtrend of 8.79% since the beginning of 2020. For most investors, the 5.74% rally in the share price could have prompted them to buy the stock, but doing that would be a mistake as it would be taking into consideration only the short-term performance of the stock.
A look at the GFI stock today shows that it has gained 70.14% of its value over the past one year, which has led to some investors becoming excited about the short-term performance of Gold Fields Limited (NYSE:GFI). If we turn to the stock analysts in general, they revealed that most of them are still bearish about the chances of the shares. The consensus rating from analysts for Gold Fields Limited (GFI) is 3.3 which is a sell rating. Over the past week, the stock has been rated as a Buy 0 times while it has been rated as a Hold 2 times. The 52-week high price for GFI is $6.83 which is attained on February 19 while its 52-week low currently stands at $3.57 and was reached on May 20. At the moment, the stock is trading $0.85 above its YTD moving average set at $6.33.
In order to determine if the stock is worthy of your patience, you should know that Gold Fields Limited (NYSE:GFI) is now trading at 66.48X the earnings per share recorded over the past 12 months. This is an uptrend compared to the readings of the sector which is 23.35X while the industry average stands at 22.66X. The most popular way to value a stock is to look at its historic Price-to-Earnings (P/E) ratio with the help of its earnings report over the past 12 months. Gold Fields Limited was able to achieve an EPS of $0.11 during the last four quarters. The P/E ratio is widely known due to the fact that it is widely used, simple, effective, and, tautologically.
On Wednesday, February 19 of 2020, the 14-day Absolute ATR (Average True Range) for GFI moved by $0.31. Over the past seven days, the stock’s average daily volatility stood at 5.07%. A stock with a low volatility is usually a good one as it means that investors are very confident in the stock. Gold Fields Limited’s trading volume has recently moved to 9.87 million, which is compared with the average daily volume of 5.44 million shares.
The daily chart for GFI, points out that the company has recorded 33.21% gains over the past six months. However, it is still 101.12% higher than its most recent low trading price. The performance of the stock over the past five days shows that it is up 14.51% though it is 13.36% above its three-week moving average. It is worthy to know that price action is not always clear. There are times when a stock will undergo some negatives, trade erratically within some range or even act very unpredictable. When that happens, then making use of moving averages makes the pattern clearer for traders. Comparing to 50-day SMA, the price of the stock has surged by 14.95% while it is up 31.22% against the 200-day SMA. This is usually seen as the last support line for a stock, as a move downward could signal a bearish trend or market. The daily chart of GFI reveals that it has gained some grounds as it ended Wednesday with a 17.13% rise over the past 30 days.