We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gold Fields (GFI) Rises As Market Takes a Dip: Key Facts
Read MoreHide Full Article
Gold Fields (GFI - Free Report) closed at $49.55 in the latest trading session, marking a +2.08% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.8%, while the tech-heavy Nasdaq depreciated by 0.1%.
Shares of the gold miner witnessed a gain of 10.47% over the previous month, beating the performance of the Basic Materials sector with its gain of 6.36%, and the S&P 500's gain of 2.26%.
The upcoming earnings release of Gold Fields will be of great interest to investors.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.73 per share and revenue of $11.19 billion. These totals would mark changes of +258.33% and +115.13%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Gold Fields. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Gold Fields currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Gold Fields is at present trading with a Forward P/E ratio of 10.26. This signifies a discount in comparison to the average Forward P/E of 13.18 for its industry.
One should further note that GFI currently holds a PEG ratio of 0.2. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Mining - Gold industry held an average PEG ratio of 0.43.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 78, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gold Fields (GFI) Rises As Market Takes a Dip: Key Facts
Gold Fields (GFI - Free Report) closed at $49.55 in the latest trading session, marking a +2.08% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.8%, while the tech-heavy Nasdaq depreciated by 0.1%.
Shares of the gold miner witnessed a gain of 10.47% over the previous month, beating the performance of the Basic Materials sector with its gain of 6.36%, and the S&P 500's gain of 2.26%.
The upcoming earnings release of Gold Fields will be of great interest to investors.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.73 per share and revenue of $11.19 billion. These totals would mark changes of +258.33% and +115.13%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Gold Fields. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Gold Fields currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Gold Fields is at present trading with a Forward P/E ratio of 10.26. This signifies a discount in comparison to the average Forward P/E of 13.18 for its industry.
One should further note that GFI currently holds a PEG ratio of 0.2. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Mining - Gold industry held an average PEG ratio of 0.43.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 78, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.