Gold Fields shares up 111%

Goldfields shares have recorded the highest price hit from this week, with the year-to-date, Limited shares moving to 111.06%, while the 5-day performance has seen it change 17.95%, the company has announced.

Over the past 30 days, the shares of Gold Fields Limited have changed 56.17%. Short-term interest in the company has seen 7.14 million shares shorted with days to cover at 0.9.

Wall Street analysts have a consensus price target for the stock at $10.65, so the shares’ value could jump -23.1% from current levels. The projected low price target is $5.49 while the price target rests at a high of $15.5. In that case, then, we find that the current price level is +11.91% off the targeted high while a plunge would see the stock lose -60.36% from current levels.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +49.7% over the past 5 years. Earnings growth for 2020 is a modest +146.1%.

Gold Fields Limited is expected to release its next earnings report in July, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.1 at a share yield of 0.81%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.32%.

Insiders own 0% of the company shares, while shares held by institutions stand at 52.37% with a share float percentage of 52.37%. Investors are also buoyed by the number of investors in a company, with Gold Fields Limited having a total of 274 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 85.77 Million shares worth more than $407.38 Million. As of March 30, 2020, Van Eck Associates Corporation held 9.71% of shares outstanding.

The other major institutional holder is Dimensional Fund Advisors LP, with the holding of over 35.84 million shares as of March 30, 2020. The firm’s total holdings are worth over $170.26 Million and represent 4.06% of shares outstanding.

Also, the top two Mutual Funds that are holding company’s shares are VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF. As of May 30, 2020, the former fund manager holds about 5.11% shares in the company for having 45164345 shares of worth $348.67 Million while later fund manager owns 30.35 Million shares of worth $234.33 Million as of May 30, 2020, which makes it the owner of about 3.44% of company’s outstanding stock.