GFI Stock Summary and Trading Ideas (Gold Fields Limited American Depositary Shares | NYSE:GFI)

Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.

Gold Fields Limited American Depositary Shares trades on the NYSE stock market under the symbol GFI.

As of May 14, 2024, GFI stock price climbed to $16.80 with 1,566,455 million shares trading.

GFI has a beta of 1.37, meaning it tends to be more sensitive to market movements. GFI has a correlation of 0.10 to the broad based SPY ETF.

GFI has a market cap of $15.01 billion. This is considered a Large Cap stock.

In the last 3 years, GFI stock traded as high as $18.97 and as low as $7.03.

The top ETF exchange traded funds that GFI belongs to (by Net Assets): GDX, PID, GNR, AVEM, DFAE.

GFI has underperformed the market in the last year with a price return of +10.1% while the SPY ETF gained +28.8%. However, in the short term, GFI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +30.1% vs +5.3% return in SPY. But in the last 2 weeks, GFI shares have been beat by the market, returning +3.9% compared to an SPY return of +4.2%.

GFI support price is $16.22 and resistance is $17.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GFI stock will trade within this expected range on the day.