In the latest close session, Gold Fields (GFI) was up +2% at $44.43. The stock outperformed the S&P 500, which registered a daily gain of 0.64%. Meanwhile, the Dow experienced a rise of 1.23%, and the technology-dominated Nasdaq saw an increase of 0.69%.
Heading into today, shares of the gold miner had gained 3.2% over the past month, lagging the Basic Materials sector's gain of 5.72% and outpacing the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Gold Fields in its upcoming earnings disclosure.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.73 per share and revenue of $11.19 billion, indicating changes of +258.33% and +115.13%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Gold Fields should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Gold Fields is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Gold Fields is currently trading at a Forward P/E ratio of 9.21. This indicates a discount in contrast to its industry's Forward P/E of 11.89.
Also, we should mention that GFI has a PEG ratio of 0.18. 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. The average PEG ratio for the Mining - Gold industry stood at 0.38 at the close of the market yesterday.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 72, finds itself in the top 30% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Gold Fields Limited (GFI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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