Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Gold Fields Ltd (NYSE: GFI) rose significantly during the last several trading days. GFI’s current Value Trend Rating is A and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Gold Fields Ltd (NYSE: GFI) stock closed at $16.45 on 5/3/24 after a modest gain of 0.4%. However, unusually low trading volume at 50% of normal accompanied the advance. The stock has declined -5.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GFI is expected to continue to be a major Value Builder.
Gold Fields has a current Value Trend Rating of A (Highest Rating). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Gold Fields has a slightly positive Appreciation Score of 61 and a very high Power Rating of 88, with the Highest Value Trend Rating the result.
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