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Why Gold Fields (GFI) Outpaced the Stock Market Today
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Gold Fields (GFI - Free Report) closed at $53.22 in the latest trading session, marking a +1.93% move from the prior day. This move outpaced the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.28%.
Heading into today, shares of the gold miner had gained 13.48% over the past month, outpacing the Basic Materials sector's gain of 8.78% and the S&P 500's gain of 0.6%.
The investment community will be paying close attention to the earnings performance of Gold Fields in its upcoming release.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.73 per share and revenue of $11.19 billion, which would represent changes of +258.33% and +115.13%, respectively, from the prior year.
Any recent changes to analyst estimates for Gold Fields should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Gold Fields presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Gold Fields is currently trading at a Forward P/E ratio of 11.04. This denotes a discount relative to the industry average Forward P/E of 14.83.
Meanwhile, GFI's PEG ratio is currently 0.21. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Mining - Gold industry held an average PEG ratio of 0.45.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 41, finds itself in the top 17% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GFI in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Why Gold Fields (GFI) Outpaced the Stock Market Today
Gold Fields (GFI - Free Report) closed at $53.22 in the latest trading session, marking a +1.93% move from the prior day. This move outpaced the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.28%.
Heading into today, shares of the gold miner had gained 13.48% over the past month, outpacing the Basic Materials sector's gain of 8.78% and the S&P 500's gain of 0.6%.
The investment community will be paying close attention to the earnings performance of Gold Fields in its upcoming release.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.73 per share and revenue of $11.19 billion, which would represent changes of +258.33% and +115.13%, respectively, from the prior year.
Any recent changes to analyst estimates for Gold Fields should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Gold Fields presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Gold Fields is currently trading at a Forward P/E ratio of 11.04. This denotes a discount relative to the industry average Forward P/E of 14.83.
Meanwhile, GFI's PEG ratio is currently 0.21. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Mining - Gold industry held an average PEG ratio of 0.45.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 41, finds itself in the top 17% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GFI in the coming trading sessions, be sure to utilize Zacks.com.